SOLD
Interra Realty Brokers $3.45M Sale Of Mixed-Use Property In Chicago's Lakeview Neighborhood
2852-56 North Southport Avenue Chicago & 1411 West George Street
Mixed-use
Sold 155 days ago
Summary
Sale
ILLINOIS
Mixed-use
A nine-unit mixed-use property in Chicago's Lakeview neighborhood has been sold for $3.45 million. The property, located at 2852-56 North Southport Avenue, with an adjacent coach house, attracted strong demand and went under contract within two weeks. The deal reflects increased deal velocity among local investors with a long-term-hold strategy, according to Joe Smazal, co-founder and managing partner at Interra Realty.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,450,000
- Units: 9
- Price Per Unit: $383,333
- Broker: Joe Smazal - Interra Realty
Interra Realty, represented by Joe Smazal, successfully broked the sale of this mixed-use property. The quick sale and strong demand indicate the attractiveness of Lakeview neighborhood for local investors with a long-term-hold strategy.
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Agents
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Details
SOLD
IMAGE: Joe Smazal
DATE: 11/30/2023
ADDRESS: 2852-56 North Southport Avenue Chicago & 1411 West George Street
MARKET: Chicago
ASSET TYPE: Mixed-use
BROKER: Joe Smazal (@JSmazal) - Interra Realty (@InterraRealty)
SALE PRICE: $3,450,000
UNITS: 9 ~ PPU: $383,333
NOTE: Interra Realty has brokered the $3.45 million sale of a nine-unit mixed-use property in Chicago's Lakeview neighborhood. The property, at 2852–56 N. Southport Avenue, with an adjacent coach house, attracted strong demand, going under contract within two weeks and reflecting increased deal velocity among local investors with a long-term-hold strategy, according to Joe Smazal, co-founder and managing partner at Interra Realty.View on map
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Address2852-56 North Southport Avenue Chicago & 1411 West George Street
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