Interra Realty Brokers $14M Sale of Chicago Apartment Building

by Kristin Harlow

CHICAGO — Interra Realty has brokered the $14 million sale of a 50-unit apartment building in Chicago’s Lakeview neighborhood. Joe Smazal of Interra represented the buyer, JAB Real Estate, and the confidential seller. The transaction marks the first time the asset has traded hands in 20 years. Built in 1927, the courtyard building features 13 studio, 24 one-bedroom, one three-bedroom and six four-bedroom floor plans. Recent renovations to some units include hardwood flooring, updated bathrooms and new kitchens. Residents have access to an onsite fitness center.

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