Interra Realty recently facilitated the sale of Art House Eleven 21, a mixed-use apartment building in Wilmette, Illinois for $9.2 million. The transaction resulted in an impressive price of $576,562 per unit.
Lucas Fryman and Craig Martin, Managing Partners at Interra Realty acted as brokers for both the buyer and seller. HP Ventures Group from Chicago purchased the property while a joint venture between 4 Corners, Gabe Horstick and Josh Krueger was responsible for selling it.
HP Ventures took over the existing low-interest loan on this fully leased property located at 1121 Greenleaf Avenue which features six two-bedroom apartments, eight three-bedrooms and two retail spaces.
According to Martin: “We contacted highly qualified potential buyers resulting in 20 showings and six offers – proving that there is currently high demand for well-located properties.”
