RE Journals: Interra Realty closes $1.8M deconversion sale in Chicago’s Wicker Park neighborhood
Interra Realty, a Chicago-based commercial real estate investment services firm, brokered the $1.8 million deconversion sale of 1226 N. Greenview Avenue, an eight-unit multifamily building in Chicago’s Wicker Park neighborhood. The price per unit was $225,000.
In brokering the sale, Interra managing partner, Patrick Kennelly, and director, Paul Waterloo, were able to help 1226 N. Greenview’s association navigate the deconversion process, through which condominiums are sold to a single buyer and reverted to rentals. Interra procured multiple offers, with the winning buyer being a private local investor.
Read article: RE Journals