Interra Realty recently facilitated the sale of a six-unit apartment building in Chicago’s sought-after Bucktown neighborhood for $1.25 million, averaging out to $208,333 per unit. The transaction was brokered by Interra’s Senior Managing Partner Brad Feldman and Director Harrison Pinkus on behalf of seller Marc Realty and buyer Base 3 Development.
According to Feldman, the property boasts a prime location in Bucktown and is well-maintained with potential for light updates that could increase rental income. The listing generated significant interest from investors, resulting in multiple written offers due to strong demand for stabilized assets in desirable locations.
Situated at 2102 N. Damen Avenue, the property features three one-bedroom units, one two-bedroom unit and two three-bedroom units. Each apartment includes hardwood floors, individual HVAC systems and hot water heaters as well as convenient amenities like in-unit laundry facilities. Recent upgrades have been made to the electrical and plumbing systems as well.
