Interra Realty Facilitates $12 Million Sale Of Mixed-Use Property In Chicago's Lakeview Neighborhood

The Bel is a mixed-use property located at 937-41 West Belmont Avenue in Chicago, with a sale price of $12,000,000. The asset consists of 39 units, which includes 37 apartment units and two commercial spaces. The development was completed in 2019 and features eight studios, 27 one-bedroom apartments, and two two-bedroom apartments. Retail tenants include Pedestrian Coffee and Devil Dawgs, enhancing the property’s appeal in the Lakeview neighborhood.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $12,000,000
• Units: 39
• Price Per Unit: $307,692
• Location: 937-41 West Belmont Avenue, Chicago
• Brokers: Joe Smazal, Lucas Fryman, and Mark Dykstra - Interra Realty

The transaction was facilitated by Interra Realty, representing the sellers through their brokers Joe Smazal, Lucas Fryman, and Mark Dykstra. The deal underscores Interra Realty's involvement in the Chicago real estate market, particularly in the Lakeview area, known for its diverse property types and commercial developments.