Interra Realty Brokers $4.71M Sale Of Two Multifamily Properties In Chicago

The transaction involved two multifamily properties in Chicago: a 16-unit building located at 6405 North Wayne Avenue sold for $3.45 million and a five-unit rental community at 1933 South May Street, which was sold for $1.26 million. The total sale price for both properties amounted to $4,710,000, with the overall unit count being 21, resulting in a price per unit of $224,286.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,710,000
• Units: 21
• Price per Unit: $224,286
• Address: 6405 North Wayne Avenue, Chicago
• Address: 1933 South May Street, Chicago
• Brokers: Brad Feldman & Jeremy Morton - Interra Realty

Senior Managing Partner Brad Feldman represented both the buyers and sellers in the deals, emphasizing the value created through renovations and operational improvements in the multifamily properties sold.