SOLD
Interra Realty Brokers $2.25M Sale Of 7-Unit Multifamily In Old Town, Chicago
1338 North Lasalle Drive
MultiFamily
Sold 220 days ago
Summary
Sale
ILLINOIS
MultiFamily
The Interra Realty brokerage firm facilitated the sale of a seven-unit apartment building located at 1338 N. LaSalle Drive in Chicago's Old Town neighborhood. The property recently underwent renovations and presented an assumable debt option. The sale price for each unit was $321,428, resulting in a total transaction value of $2.25 million.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,250,000
- Address: 1338 North LaSalle Drive
- Market: Old Town, Chicago
Harrison Pinkus and Joe Smazal from Interra Realty were the brokers who represented the involved parties in this transaction. As the property had undergone recent renovations and had assumable debt, there was significant buyer interest despite the high-interest-rate market.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Harrison Pinkus & Joe Smazal
DATE: 09/27/2023
ADDRESS: 1338 North LaSalle Drive
MARKET: Old Town, Chicago
ASSET TYPE: Multifamily
BROKERS: Harrison Pinkus (@ThePinker91) & Joe Smazal (@JSmazal) - Interra Realty (@InterraRealty)
SALE PRICE: $2,250,000
UNITS: 7 ~ PPU: $321,429
NOTE: Interra Realty brokered the $2.25 million sale of a seven-unit apartment building in Chicago's Old Town neighborhood, with each unit priced at $321,428. The property, located at 1338 N. LaSalle Drive, underwent recent renovations and featured assumable debt, which contributed to strong buyer interest in the high-interest-rate market.View on map
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Address1338 North Lasalle Drive
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