Interra Realty Represents Both Buyer And Seller In $10.7M Chicago Mixed-Use Sale
811 West Lill Avenue
$10,700,000
Building Size
—
Asset Type
Mixed-use
Closing
Jul 8, 2025
AI
The property involved in the transaction is a mixed-use asset located at 811 West Lill Avenue, Chicago. The building comprises 22 residential units, with an average price per unit of $486,364. The sale price for the property was $10,700,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $10,700,000
- Number of Units: 22
- Price Per Unit: $486,364
- Address: 811 West Lill Avenue
- Market: Chicago
The deal was facilitated by Brad Feldman and Joe Smazal of Interra Realty, who represented both the buyer and seller. This transaction is part of Interra Realty’s broader activities, contributing to over $60 million in recent transactions on Chicago's North Side, reflecting strong leasing momentum and sustained investor interest in the city's multifamily market.
Players
Chicago Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93