Yield Pro: Interra Realty brokers $2.27 million multifamily sale in Chicago’s Woodlawn neighborhood
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $2.27 million sale of 6126-28 S. Woodlawn Ave., a 35-unit apartment building near the University of Chicago Law School in Chicago’s Woodlawn neighborhood. The price per unit was $65,000.
The undisclosed seller was represented by a team from Interra Realty led by Jon Morgan and David Goss, co-founders and managing principals, plus Lucas Fryman and Ted Stratman, managing partners, and Jeremy Morton, director. The private buyer, who intends to gradually update units as they turn over and bring rents to market rate, was represented by Interra Senior Managing Partner Joe Smazal. After a short marketing period, Interra was able to attract multiple written offers and shepherd the deal to closing amid the COVID-19 pandemic.
Read article: Yield Pro