Interra Realty, a Chicago-based commercial real estate investment services firm, announced it facilitated the $3.15 million sale of 500 Des Plaines Ave., a 39-unit apartment building in Forest Park, Ill., a western suburb of Chicago.

Interra Realty Senior Managing Partner Joe Smazal was exclusively engaged to market the property on behalf of the private seller, while Managing Partner Pat Kennelly and Director Paul Waterloo represented the undisclosed buyer, who plans to make modest renovations to the building’s kitchens and baths to raise rents to market level.

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