Tricap Residential Sells Property At 5454 S Everett Ave Chicago With Seller's Rep Joe Smazal

A three-building, 130-unit multifamily portfolio was sold in Chicago’s Hyde Park neighborhood. The properties are located at 5454 S Everett Ave, 5501 S Everett Ave, and 5527 S Everett Ave. The rental units, consisting of 52 one-bedroom units and 60 two-bedroom units, along with 18 retail spaces, were approximately 95 percent occupied at the time of sale. The properties are well-connected, served by the Metra Electric and South Shore lines, as well as multiple Chicago Transit Authority bus routes.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Undisclosed
• Address: 5454 S Everett Ave, Chicago, IL, 60615
• Market: Chicago
• Seller: Tricap Residential
• Seller's Representative: Joe Smazal - Interra Realty
• Buyer: Undisclosed
• Buyer's Representatives: Patrick Kennelly, Paul Waterloo - Interra Realty

Joe Smazal, as the seller's representative from Interra Realty, facilitated the transaction, representing Tricap Residential. The buyer, a private entity based on the West Coast, was represented by Interra Realty's managing partner, Patrick Kennelly, and director, Paul Waterloo.