Interra Realty Brokers $2.66M MultiFamily Sale In Chicago For Raskin Risers

The 35-unit multifamily property located at 5550 W North Ave in Chicago's Austin neighborhood was sold for $2.66 million. The property, built in the 1920s, offers a mix of one- and two-bedroom apartments along with ground-floor retail space. It features a strategic location near public transportation options, restaurants, shopping centers, and parks.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $2,660,000.00
• Market: Chicago
• Buyer's Representative: Samuel (Sam) Gutierrez - Interra Realty, Ted Stratman - Interra Realty
• Seller's Representative: Lucas Fryman - Interra Realty
• Buyer: Undisclosed
• Seller: Raskin Risers

Interra Realty, a Chicago-based commercial real estate investment services firm, managed the sale process with skill and efficiency. The transaction was facilitated by Interra Managing Partners Lucas Fryman and Ted Stratman, along with Associate Sam Gutierrez. Their expertise in representing both the seller, Raskin Risers, and the undisclosed local real estate investor and manager as the buyer ensured a smooth sale, marking the second deal for this property conducted by Interra.