Interra Realty has arranged the $10.5 million sale of Logan Station, a 24-unit multifamily property located at 2504-16 N. Willetts Court in Chicago’s Logan Square neighborhood. The sale of the 2007-built asset translated to pricing of $437,500 per apartment, underscoring investor willingness to pay a premium for well-located, stabilized product in this part of the city.
Interra Senior Managing Partner Joe Smazal and Director Mark Dykstra represented the confidential seller in the transaction and also sourced the buyer, Breneman Capital. According to Interra, Logan Station was fully occupied at the time of sale, and marketing efforts generated multiple written offers. Smazal noted that the combination of larger-than-typical unit sizes and a strong neighborhood location supported a closing at 99% of the property’s list price.
Logan Station offers a mix of six one-bedroom, 12 two-bedroom, and six three-bedroom apartment layouts. Most of the residences are configured as bi-level units and average approximately 1,500 square feet, appealing to renters seeking more space within an urban neighborhood setting. The property was delivered in 2007 and reflects contemporary multifamily standards for its vintage.
Interior finishes at Logan Station include granite countertops and stainless steel appliances, along with in-unit laundry and individual HVAC service in every apartment. These features position the building as a modern, amenitized option within Logan Square’s apartment stock, and contributed to the property’s full occupancy at the time of closing.
Breneman Capital plans to implement a light value-add program focused on updating Logan Station’s interiors. While the property is already fully leased and outfitted with contemporary finishes, the buyer intends to refresh units to further enhance the asset’s competitive standing in the neighborhood and support rent growth over time.
The transaction highlights ongoing investor interest in Chicago’s Logan Square, where walkable amenities and established housing stock continue to attract both residents and capital. In a related industry event, multifamily stakeholders will have an opportunity to hear regional insights at the Connect Midwest Multifamily Trends Conference on Tuesday afternoon, June 2, 2026, where JDL Founder Jim Leitchinger is scheduled to receive the Changing Skyline Award followed by a keynote interview.
