**Interra Realty Brokers $10M Sale of Gold Coast Condo Building**
Interra Realty has successfully brokered the $10 million sale of an eight-unit condominium building located at 1447 N. Dearborn Parkway in Chicago’s Gold Coast neighborhood.
Interra Director Max Grossman represented the buyer, Altitude Capital Partners (ACP), while Director Colin O’Malley represented the confidential seller. “Following an aggressive marketing campaign that included over 60 tours, we fielded multiple offers and secured a contract in about a month, helping to kickstart a transformation that will ultimately breathe new life into this property,” said O’Malley.
Originally built in 1901, the 45,000-square-foot courtyard building underwent renovations in 2010, featuring a limestone and brick facade along with other enhancements. Despite being vacant since its reconstruction, the property has been maintained in excellent condition.
The spacious, white-box residences range from 2,500 to 5,500 square feet and offer two-, three-, and four-bedroom layouts, with some duplex units. ACP plans to complete the unit interiors with high-end finishes and sell them as condominiums.
