Interra Realty Facilitates $11M Sale Of Westwood Apartments In Waukegan

The largest transaction in Waukegan in the last four years, Westwood Apartments, a 132-unit multifamily property located at 2720-2732 Westwood Drive, has been sold for $11 million.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $11,000,000
• Units: 11
• Price Per Unit: $1,000,000

Interra Realty, represented by Nathan Zito, Patrick Kennelly, and Paul Waterloo, was the broker involved in this deal. The buyer, a local private investor engaged in a 1031 exchange, plans to make improvements to the building exteriors, common areas, and unit interiors.