REBusinessOnline

Interra Brokers $2.1M Sale of Multifamily Building in Chicago

CHICAGO — Interra Realty has brokered the sale of a 12-unit multifamily building in Chicago’s Edgewater neighborhood for $2.1 million. The property is located at 6203-09 N. Ravenswood Ave. Brad Feldman and Adam Saxon of Interra brokered the transaction. The seller recently completed a renovation at the property, including a new roof, windows and in-unit laundry. The property was 92 percent leased at the time of sale. The undisclosed buyer purchased the asset at a capitalization rate of 7.5 percent.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Walker & Dunlop

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