Hayes Properties Acquires Two Multifamily Buildings In Chicago For $13M Through Interra Realty

The transaction involved the sale of two fully occupied vintage multifamily apartment buildings located at 611-13 West Arlington Place and 567-69 West Arlington Place, situated in the Chicago market. The total sale price for the properties was $13,000,000, and the combined units total 37, resulting in a price per unit of $351,351.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $13,000,000
• Buyer: Hayes Properties
• Brokers: Colin O’Malley, Joe Smazal & Mark Dykstra - Interra Realty
• Units: 37
• Price Per Unit: $351,351

Interra Realty facilitated the transaction, successfully brokering the sale of the two buildings. Hayes Properties acquired the property at 611-13 W. Arlington, while a separate, confidential buyer purchased the adjacent building at 567-69 W. Arlington, highlighting the active interest in multifamily assets in Lincoln Park.