Interra Realty Brokers 19-Unit Multifamily Sale In Chicago's West Loop And Andersonville Neighborhoods To Out-of-State Buyer For $5.025M

A multifamily property located at 1619-1621 West Warren Boulevard & 1554 West Hollywood Avenue in Chicago has been sold for a total of $5,025,000. The property consists of 19 units, with a price per unit of $264,474.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,025,000
• Units: 19
• Price Per Unit (PPU): $264,474

Interra Realty, represented by Jeremy Morton and Brad Feldman, brokered the sale of this property. The deal reflects the stable demand and predictable returns in the Chicago market. Notably, Interra Realty also facilitated another multifamily sale in the West Loop and Andersonville neighborhoods to the same out-of-state buyer. The prices per unit in these transactions were $246,875 and $277,273, respectively.