Interra Realty Closes 2 Chicago Sales
Senior Managing Partner Brad Feldman represented the buyer and seller in both deals, valued at $5.1 million across 44 units.
4901-4907 N. Kenmore Ave. Image courtesy of Interra Realty
Interra Realty has arranged two deals comprising 44 residential units across two separate properties, located in Chicago’s Uptown and Rogers Park neighborhoods, for a total of $5.1 million. Senior Managing Partner Brad Feldman of Interra represented the buyer and seller in both transactions.
The first, $2.5 million sale included 20 units at 4901-4907 N. Kenmore Ave., a 22-unit property currently operating under a condominium agreement in Uptown. A single owner sold the rented-out units to a local real estate operator. In addition to renovating the 1898-built asset, the buyer plans to convert the building to rental apartments while acquiring the remaining two condo units.
6439-6445 N. Richmond St. Image courtesy of Interra Realty
The second community is located at 6439-6445 N. Richmond St., roughly 12 miles north of downtown Chicago. The 24-unit community is between Lincolnwood Centennial Park and Warren Park, two blocks north of the West Devon Avenue retail corridor.
In July, Interra brokered a $17 million deconversion sale in the Chicago area. The 91-unit, four-story building dates back to 1939.
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