Interra Realty recently closed on the sale of a 35-unit mixed-use multifamily building in Chicago’s West Ridge neighborhood for $4.1 million. The property, located at 2801 W. Lunt Avenue, features 28 one-bedroom and three two-bedroom units as well as four ground-level commercial spaces.
This transaction marks Interra’s second successful deal in West Ridge within the past month, following the sale of a 16-unit apartment building at 6254 N. Whipple Street for $1.8 million.
The buyer, Teko Menetti, was represented by Interra Managing Partner Patrick Kennelly and Managing Director Paul Waterloo while Senior Managing Partner Joe Smazal acted on behalf of the seller – a local private investor.
According to Smazal: “Chicago continues to see strong demand for vintage properties like this one due to limited new supply in the workforce housing market.” With its prime location and attractive mix of residential and commercial units, this property is poised for long-term success under new ownership.
