Interra Realty Negotiates $4.3M Sale of Multifamily Portfolio in Suburban Chicago

MOUNT PROSPECT, ILL. — Interra Realty has negotiated the sale of a five-building, 30-unit multifamily portfolio in the Chicago suburb of Mount Prospect for $4.3 million. The properties sold to local buyers in two separate deals. Patrick Kennelly, Paul Waterloo and Nathan Zito of Interra represented the undisclosed seller. Hubert Cioromski of Troy Realty represented the buyer of three buildings, while Nader Shahat of Green Equities LLC represented the buyer of the other two buildings. Constructed in 1978, the three-story buildings each contain six units in a mix of one- and two-bedroom layouts. Most of the units include individual balconies and were recently renovated with updated kitchens and baths. They were fully occupied at the time of sale.