Joe Smazal Of Interra Realty Represents Buyer & Seller In $3.4M Lincoln Park Multifamily Sale | 2642-50 North Marshfield Avenue | Joe Smazal | MultiFamily | Sale

Summary

Sale

ILLINOIS

MultiFamily

The sale involved a 14-unit rental portfolio across four buildings located at 2642-50 North Marshfield Avenue in Chicago's Lincoln Park neighborhood. The transaction was facilitated by Joe Smazal of Interra Realty, with a sale price of $3,400,000 equating to a price per unit of $242,857.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $3,400,000
Units: 14
Address: 2642-50 North Marshfield Avenue
Market: Chicago
Broker: Joe Smazal - Interra Realty

Joe Smazal, the Senior Managing Partner at Interra Realty, played a pivotal role in the transaction by representing both the buyer and seller, who were local private investors. This sale marked Smazal's second significant deal in Lincoln Park within six months, showcasing his expertise in the market.

Players

All
2

Agents
1
Agencies
1

Joe Smazal

Senior Managing Partner

$335.6M Sold

Interra Realty

Details

Deal Summary

SOLD

IMAGE: Joe Smazal DATE: 05/03/2024 ADDRESS: 2642-50 North Marshfield Avenue MARKET: Chicago ASSET TYPE: Multifamily BROKER: Joe Smazal (@JSmazal) - Interra Realty (@InterraRealty) SALE PRICE: $3,400,000 UNITS: 14 ~ PPU: $242,857 NOTE: Interra Realty facilitated the $3.4 million sale of a 14-unit rental portfolio consisting of four buildings on N. Marshfield Ave. in Chicago's Lincoln Park neighborhood. Joe Smazal, Interra's Senior Managing Partner, represented both the buyer and seller—local private investors—in this transaction, marking his second significant deal in Lincoln Park within six months following a $9.6 million sale of a 28-unit property on N. Lincoln Ave. Smazal highlighted the unique opportunity to acquire well-maintained properties with potential for increased rent levels due to recent renovations, including updated kitchen features and common areas, along with amenities such as parking spaces and green space.

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Address2642-50 North Marshfield Avenue

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