Interra Realty Arranges $2.8M Sale Of Multifamily Buildings In Chicago And Norridge

The transaction involved the sale of two fully occupied multifamily buildings located at 3913 North Central Avenue in Portage Park and 4255 Neva Avenue in Norridge, within the Chicago and Norridge markets. The sale price was $2,800,000, encompassing a total of 17 units with a price per unit of $164,706.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,800,000
• Units: 17
• Price per Unit: $164,706
• Address: 3913 North Central Avenue, Portage Park; 4255 Neva Avenue, Norridge
• Brokers: Nathan Zito, Patrick Kennelly & Paul Waterloo - Interra Realty; Richard Dawidiuk - Re/Max Legends

Interra Realty facilitated the sale by representing all sides in the Portage Park deal and the buyer in Norridge, while Richard Dawidiuk of RE/MAX Legends represented the seller in Norridge. The two properties were sold for $1.4 million each, with 8 units located at 3913 N. Central Ave. and 9 units at 4255 N. Neva Ave.