Yield Pro: Interra Realty Brokers $7.4 Million Sale of 26-Unit Multifamily Building in Chicago’s Wrigleyville Neighborhood
CHICAGO, IL – Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the off-market sale of 3708-14 N. Sheffield Ave., a 26-unit vintage courtyard building in Chicago’s Wrigleyville neighborhood, steps from Wrigley Field. The asset sold for $7.4 million, or $284,615 per unit, as part of a 1031 exchange.
Interra Senior Managing Partner Joe Smazal represented the seller, a private New York-based investor. Smazal also sourced and represented the confidential buyer. 3708-14 N. Sheffield Ave. was the fourth Lakeview building over $5 million sold in 2021 by Smazal, who has closed $147 million in multifamily transactions in the Lakeview, Buena Park and Lincoln Park neighborhoods in the last five years.
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See additional articles on this deal below:
The Real Deal: Apartment Complex In Chicago’s Wrigleyville Sells
Chicago Business Journal: Multifamily Building Near Wrigley Field Has Been Sold For $7 million