**Interra Realty Brokers $13M Sale of Two Vintage Lincoln Park Apartment Properties**
Interra Realty has successfully facilitated the sale of two vintage multifamily buildings in Chicago’s Lincoln Park neighborhood, with a combined transaction value exceeding $13 million.
The two properties involved in the deal include:
– **611-13 W. Arlington Place**: This 23-unit property sold for $7.325 million. Built in 1927, the building comprises three studio, 13 one-bedroom, and seven two-bedroom apartments. Interra Realty Director Colin O’Malley represented the confidential seller, while Interra Senior Managing Partner Joe Smazal and Director Mark Dykstra represented the buyer, Hayes Properties.
– **567-69 W. Arlington Place**: This 14-unit building sold for $5.7 million. Constructed in 1907, the property includes 10 two-bedroom, three three-bedroom, and one four-bedroom units. The buyer, whose identity was not disclosed, was self-represented. O’Malley also represented the seller in this transaction.
“This year has seen heightened investor interest for multifamily assets in strong and resilient submarkets like Lincoln Park,” said O’Malley.
Both properties are well-connected by public transportation, with access to multiple bus lines and the CTA’s Red, Brown, and Purple lines via the nearby Fullerton station.
