A Lakeview apartment building in Chicago has been sold for $5.45 million. The six-unit mixed-use property, located at 3301 N. Sheffield Ave., features a combination of one, two, and three-bedroom apartments. The building has undergone recent renovations, including updates to its plumbing and electrical systems. The new owners, who are experienced in the Chicago multi-family market, plan to further upgrade the property to attract new tenants and maximize its potential.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $5,450,000
• Date: 06/20/2023
• Address: 3301 N. Sheffield Ave.
• Market: Chicago

Interra Realty, a Chicago-based real estate firm, successfully brokered the sale of the property. The deal was facilitated by Joe Smazal from Interra Realty. As experienced representatives in the Chicago multi-family market, the buyer, Steve Cook, is expected to bring additional value to the property through future upgrades and tenant attraction efforts.