CHICAGO, IL – Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $3.43 million sale of an eight-unit rental property at 2501 N. Southport Avenue in Chicago’s Lincoln Park neighborhood. The transaction equated to $428,750 per unit.

“Because Lincoln Park is one of Chicago’s most robust submarkets, multifamily owners rarely sell, creating heightened competition whenever a property does hit the market,” said O’Malley. “The multiple competitive offers we fielded and the fact this deal closed at 99% of list price are indicators that investors remain bullish on this neighborhood.”

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REBusiness Online: Interra Realty Brokers $3.4M Sale of Apartment Building in Chicago’s Lincoln Park