Interra Realty Facilitates $1.29M Sale Of Multifamily Property In West Town, Chicago

Located at 2121 W. Superior St. in West Town, Chicago, this multifamily property was recently sold for a total price of $1,290,000. The sale, facilitated by the brokerage firm Interra Realty, consisted of six units, with a price per unit (PPU) of $215,000. The property boasts a capitalization rate (CAP) of 6.2% and a gross rent multiplier (GRM) of 10.9x.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $1,290,000
• Units: 6
• PPU: $215,000
• CAP: 6.2%
• GRM: 10.9x

Harrison Pinkus, representing Interra Realty, played a key role in the successful transaction. The sale of this multifamily property in West Town, Chicago signifies a notable investment opportunity in this thriving market.