Interra Realty Brokers $10.7M Sale Of Multifamily Property In Lincoln Square, Chicago

The multifamily property located at 5018 N Lincoln Ave in Lincoln Square, Chicago has been sold for a price of $10,700,000. The transaction took place on 03/14/2022 and was facilitated by Craig Martin from Interra Realty. This property consists of 74 units, with an average price per unit of $144,595. The total area of the property is approximately 70,000 square feet, resulting in a price per square foot of $153.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,700,000
• Address: 5018 N Lincoln Ave, Lincoln Square, Chicago
• Market: Lincoln Square, Chicago
• Broker: Craig Martin - Interra Realty
• Units: 74
• Price per Unit: $144,595
• Area: 70,000 square feet
• Price per Square Foot: $153

This successful transaction showcases the expertise of Craig Martin from Interra Realty in navigating the real estate market in Lincoln Square, Chicago. The sale of this multifamily property at 5018 N Lincoln Ave underscores the strong demand for housing in the area. With 74 units and a total area of 70,000 square feet, this property presents a significant investment opportunity. The transaction price of $10,700,000 reflects the value and potential of this multifamily asset.