Interra Realty Brokers $10.8M Sale Of Multifamily Portfolio In Chicago's West Ridge

The transaction involved a seven-building multifamily portfolio located at 6705-37 North California Avenue, within the Chicago market. The sale closed at a price of $10,800,000, encompassing a total of 94 units at a price per unit of $114,894. The properties feature value-add potential, contributing to the overall investment appeal.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $10,800,000
• Units: 94
• Price Per Unit: $114,894
• Date of Sale: 07/01/2025
• Broker: Joe Smazal - Interra Realty

Joe Smazal of Interra Realty represented the transaction, facilitating the deal in under a week and achieving a closing price at 99% of the list price. The buyer assumed a CMBS loan as part of the transaction, which aligns with Interra's broader portfolio of nearly $50M in North Side multifamily transactions throughout 2025.