Interra Realty, a leading brokerage firm, recently facilitated the sale of an 18-unit multifamily portfolio in Chicago’s Northwest Side near O’Hare International Airport for $3.1 million. The portfolio was sold by a local partnership and represented by Interra Managing Partner Patrick Kennelly, Managing Director Paul Waterloo and Associate Nathan Zito. The buyer was also a local partnership and represented by Jay Chandran of Jay C. Realty.
The three properties included in the portfolio were all built in 1969 and are located at 8622 W. Berwyn Ave., 8657 W.Berwyn Ave., and 5240 N.Oakview Ave.. This marks Interra’s fourth successful closing within the O’Hare submarket over the past six months, including another property on Bryn Mawr Avenue that sold for $1.74 million in December of last year.
One notable highlight from this transaction is that one of the properties on Berwyn Avenue sold for $1.o55 million – setting a new record price for six-flat buildings within this submarket over the past five years.The other two properties – located at cornering lots – were also highly sought after with sales prices reaching $1.o5 million (Berwyn)and$1.o25million(Oakview).
This recent sale showcases Interra’s expertise in navigating complex transactions within Chicago’s competitive real estate market,and further solidifies their position as leadersin brokering dealswithintheO’HaressubmarketofChicago.Connect CRE has more details about this exciting transaction.
