Just Closed: 32 Units in Uptown Neighborhood
I am pleased to announce the recent sale of 5022-30 N. Winthrop Avenue, Chicago. The building is comprised of 32, two bedroom apartments. The units feature updated kitchens and bathrooms, in-unit laundry, and individual HVAC.
I represented the seller in the transaction, a local private partnership looking to redeploy the equity into one of their core neighborhoods. Interra's Brad Feldman and Adam Saxon represented the purchaser, a local private partnership in a 1031 exchange.
The deal closed for $5,750,000 and was financed by a Freddie Mac Small Balance Loan.
Below are links to recent press about the deal:
REBusinessOnline: Interra Negotiates $5.7M Sale of Apartment Building in Chicago
REJournals: Interra Realty facilitates $5.75M sale of 32-unit apartment building
Multi-Housing News: Interra Realty Arranges Chicago Community Sale
Senior Attorney at Inside Out Legal, LLC
6 年Congrats.