Interra Realty Sells Oak Lawn Multifamily Portfolio For $3.15M

The three-building, 24-unit multifamily portfolio in Oak Lawn, Illinois, located on 10310-10326 Mayfield Avenue & 10310 Mansfield Avenue, was sold for $3.15 million. The properties were well-maintained and partially renovated, with 96% occupancy at the time of sale, reflecting strong investor interest due to increased renter demand.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,150,000
• Units: 24
• Price Per Unit: $131,250
• Market: Oak Lawn
• Broker: Michael Duckler - Interra Realty

Interra Realty brokered the sale, achieving one of the highest per-unit prices in the area over the past decade. The strong investor interest was driven by the properties' high occupancy rate and desirable location in Oak Lawn.