Interra Realty Brokers $16M Sale of Rogers Park Apartment Portfolio
Interra Realty has successfully brokered the sale of a three-building, 115-unit multifamily portfolio located in Chicago’s Rogers Park neighborhood. The off-market transaction closed for $16.1 million, equating to approximately $140,000 per unit.
Brad Feldman, Senior Managing Partner at Interra Realty, along with Harrison Cohen, Senior Vice President and Principal at Triton Realty Group, represented both the seller, George Triff, and the buyer, a private individual investor.
“Portfolio sales present investors with an opportunity to immediately achieve economies of scale that they otherwise would have to piece together individually over time,” said Feldman.
The portfolio comprises the following properties:
– 7405 N. Damen Ave., featuring 33 one-bedroom units
– 7415 N. Damen Ave., offering 32 one-bedroom and six two-bedroom units
– 7416 N. Damen Ave., which includes 41 one-bedroom and three two-bedroom units
At the time of the sale, the portfolio was fully leased. The acquisition offers the buyer an established, income-generating asset in one of Chicago’s north side neighborhoods.
