Yield Pro: Interra Realty brokers $1.5 million sale of 18-unit rental community in Chicago’s Bronzeville neighborhood

David Goss
Jon Morgan
Lucas Fryman
Sam Gutierrez
David Goss
Jon Morgan
Lucas Fryman
Multi-Family
News
Sam Gutierrez
Transactions

Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $1.5 million sale of 4520 S. Vincennes Ave., an 18-unit apartment community in Chicago’s Bronzeville neighborhood. The price was $83,000 per unit.

Managing Partner Lucas Fryman, co-founders and Managing Principals David Goss and Jon Morgan, and Associate Sam Gutierrez represented the private seller and confidential buyer. The seller had owned the building since 1991, originally redeveloping the building using low-income housing tax credits. The buyer plans to modernize units as they turn over.

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