RE Journals: Interra Realty Closes Sale of Three-Building Multifamily Portfolio in Oak Lawn

Michael Duckler
Deal Stories
Michael Duckler

OAK LAWN, IL – Interra Realty brokered the sale of a three-building, 24-unit multifamily rental portfolio in Oak Lawn, Illinois, for $3.15 million.

Equating to $131,250 per unit, the transaction marks one of the highest prices paid per unit in the near southwest Chicago suburb over the last decade, per CoStar data. Located at 10310-10326 Mayfield Ave. and 10310 Mansfield Ave., the buildings each house eight apartments.

Interra Director Michael Duckler represented the portfolio’s seller, a private investor.

The portfolio’s unit mix consists of 20 two-bedroom dwellings, two one-bedrooms, one three-bedroom and one four-bedroom. At the time of sale, the buildings were 96% occupied.

Read the complete article at RE Journals.

See additional articles on this transaction at:

RE Business Online: Interra Realty Arranges $3.1M Sale of Multifamily Portfolio in Oak Lawn, Illinois

ConnectCRE: Oak Lawn MF Portfolio Sells at High Price Per Unit