Interra Realty Facilitates $4.65M Sale Of Multifamily Buildings In Chicago’s O'Hare Suburban Market

Two fully occupied multifamily buildings were sold in northwest Chicago at 1860-1900 North Parkside Drive and 8544-48 West Gregory Street. The transaction was valued at $4,650,000, equating to a price per unit of $166,071 for the 28 units across both properties. Built in 1966 and 1972, the properties feature one- to three-bedroom units and present value-add opportunities in the Park Ridge and Chicago market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,650,000
• Units: 28
• Price Per Unit: $166,071
• Address: 1860-1900 North Parkside Drive & 8544-48 West Gregory Street
• Market: Park Ridge & Chicago
• Brokers: Patrick Kennelly, Paul Waterloo, Nathan Zito - Interra Realty; Oleg Komarnytskyy - KOMAR

Interra Realty facilitated the sale, which reflects growing investor demand in the O’Hare suburban market, having seen a 40% year-over-year increase in multifamily sales volume through Q3 2025. The new private buyers are expected to implement unit upgrades on the properties.