CHICAGO, IL – Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of 920 W. Oakdale Avenue, a 31-unit apartment building in Chicago’s Lakeview neighborhood.

Interra Senior Managing Partner Joe Smazal and Director Mark Dykstra represented the buyer, Highland Real Estate Partners. Smazal and Dykstra also represented the seller, a local private investment firm. The building was fully occupied at the time of sale.

“Both local and — as was the case in this deal — out-of-state buyers are actively targeting Chicago apartment buildings due to their strong and predictable rental performance,” said Smazal. “This trend is particularly prevalent in high-demand neighborhoods like Lakeview where a dearth of new supply is intensifying competition for quality multifamily assets.”

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