Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $1.25 million sale of a six-unit apartment building in Chicago’s Bucktown neighborhood. The transaction equated to $208,333 per unit.
“The property has an excellent location in the heart of Bucktown and was in great shape, but still provides an ability for the buyer to do some light updates and drive the rent roll further,” said Feldman. “We had a lot of interest and multiple written offers as investor demand for stabilized, well-located assets remains strong.”
2102 N. Damen is within walking distance of The 606 trail as well some of Chicago’s most popular dining, shopping and entertainment options along Milwaukee Avenue. Nearby transit options include Metra’s Clybourn station – served by the UP-N and UP-NW lines – the CTA’s Western Blue Line station and multiple CTA bus routes.
Interra Senior Managing Partner Brad Feldman and Director Harrison Pinkus represented Marc Realty in the sale. Feldman and Pinkus also represented the buyer, Chicago-based Base 3 Development.
