Estia Properties Acquires Mixed-Use Building In Chicago's Hyde Park For $9M With Interra Realty

A mixed-use building located at 5300 South Blackstone Avenue in Chicago's Hyde Park has been sold for $9 million. The asset features 24 apartments alongside two commercial spaces, highlighting its multifaceted use within a vibrant neighborhood.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $9,000,000
• Units: 24
• Price Per Unit: $375,000
• Buyer: Estia Properties
• Broker Representatives: Joe Smazal & Mark Dykstra - Interra Realty
• Date of Transaction: 10/16/2024
• Market: Chicago

The deal was facilitated by Senior Managing Partner Joe Smazal and Director Mark Dykstra, who represented Estia Properties in the transaction. The seller's identity remains confidential, reflecting standard practices in commercial real estate transactions.