Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $10.7 million sale of the 22-unit 811 W. Lill Avenue in Chicago’s Lincoln Park neighborhood.
Interra Senior Managing Partner Brad Feldman represented the buyer, a Chicago-based private investor. Interra Senior Managing Partner Joe Smazal represented the seller, a local private investor and developer.
“Chicago multifamily owners have seen strong leasing momentum this year, with renewal activity reflecting the broader upward pressure on rents across the market,” said Smazal. “With the expectation that demand fundamentals will remain solid for the rest of 2025, we anticipate investor interest to remain steady, particularly in desirable neighborhoods like Lincoln Park.”
The property features four one-bedroom, 12 two-bedroom and six three-bedroom apartments. The building stands out for its generous floor plans, averaging 1,078 square feet per unit and offering multiple bathrooms in 95% of the residences. Three units include bonus office space and six are duplex layouts. Constructed in 1901, the property has been recently updated with market-leading finishes in the kitchens and bathrooms, as well as in-unit laundry and individual HVAC.
This sale marks the latest in a series of transactions executed by Interra Realty on Chicago’s North Side over the past six months. With this transaction, the firm has brokered over $60 million in deals, including the $10.8 million sale of a West Ridge portfolio, the $9.625 million sale of 6930 N. Greenview Avenue, the $3.45 million sale of 6405 N. Wayne Avenue, the $5.88 million sale of 6642-6652 N. Clark Street, the $3.75 million sale of 4901 N. Christiana Avenue and the $16.1 million sale of a Rogers Park portfolio.
811 W. Lill is surrounded by Lincoln Park’s numerous dining, shopping and entertainment options and is within walking distance of DePaul University, the Lincoln Park Zoo and Diversey Harbor. The property is served by multiple bus routes and the CTA’s Red, Brown and Purple lines via the Fullerton station.
Founded in 2010, Interra Realty is a Chicago-based commercial real estate services firm that delivers integrated, tailored solutions through its boutique, client-focused approach and team of experienced professionals. Since its inception, the firm has closed thousands of transactions valued in excess of $2 billion spanning the multifamily, office and retail sectors, as well as loan sales. Interra’s clients range from private investors and high-net-worth individuals to large financial institutions, private equity groups and hedge funds.
