Interra Realty Facilitates $12.7M Sale Of Mixed-Use Property In Chicago

The property at 2827-2847 North Clybourn Avenue in Chicago's West Lakeview neighborhood has been sold for $12.7 million. This mixed-use asset consists of 30 apartment units and six commercial spaces. The residential section of the building was nearly fully occupied at the time of the transaction.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $12,700,000
• Units: 36
• Price per Unit: $352,778
• Brokers: Brad Feldman, Patrick Kennelly & Paul Waterloo - Interra Realty
• Buyer's Representative: Patrick Kennelly & Paul Waterloo
• Seller's Representative: Brad Feldman

The sale of the property was facilitated by Interra Realty. The buyer, a local investor, assumed the existing mortgage with a 3 percent interest rate. Brad Feldman represented the seller in the transaction, while Patrick Kennelly and Paul Waterloo acted as the buyer's representatives.