Interra Realty Represents $1.55M Sale Of Multifamily Property On W. Erie St. In Chicago

An apartment building located at 1470 W. Erie St. in Chicago has been recently sold. The multifamily property was listed for sale by Harrison Pinkus of Interra Realty. The asking price for the property was $1,650,000, and it was eventually sold for $1,550,000. The sale of this apartment building represents an investment opportunity in the Chicago real estate market. The property offers potential for rental income and future appreciation. With a capitalization rate (CAP) of 6.4%, this transaction has attracted attention from investors looking for stable returns.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,550,000
• Market: Chicago

Harrison Pinkus, a representative from Interra Realty, handled this sale. Their expertise and connections in the Chicago real estate market played a crucial role in bringing the buyer and seller together. Interra Realty is known for its success in facilitating similar property transactions in the past. The involvement of a reputable brokerage firm adds credibility to the deal and ensures a smooth transaction process.