{"id":27956,"date":"2022-03-31T08:36:57","date_gmt":"2022-03-31T15:36:57","guid":{"rendered":"https:\/\/yieldpro.com\/?p=27956"},"modified":"2022-03-31T14:13:55","modified_gmt":"2022-03-31T21:13:55","slug":"interra-realty-brokers-4-7-million-sale-of-30-unit-multifamily-property-in-chicagos-buena-park","status":"publish","type":"post","link":"https:\/\/yieldpro.com\/2022\/03\/interra-realty-brokers-4-7-million-sale-of-30-unit-multifamily-property-in-chicagos-buena-park\/","title":{"rendered":"Interra Realty brokers $4.7 million sale of 30-unit multifamily property in Chicago\u2019s Buena Park"},"content":{"rendered":"<p class=\"xmsonormal\"><a href=\"https:\/\/www.interrarealty.com\/\" target=\"_blank\" rel=\"noopener\"><span lang=\"EN\">Interra\u00a0Realty<\/span><\/a><span lang=\"EN\">, a Chicago-based commercial real estate investment services firm, announced it brokered the $4.7 million sale of 755 W. Buena Ave., a 30-unit rental community in the Buena Park section of Chicago\u2019s Uptown neighborhood. The price per unit was $156,667.<\/span><span lang=\"EN\">\u00a0<\/span><\/p>\n<p class=\"xmsonormal\"><span lang=\"EN\">Interra Senior Managing Partner Joe Smazal represented the seller, a local private owner\/operator that made select updates to the property. Smazal also represented the local private buyer in a discrete, off-market sale. In the last five years, Smazal has closed more than $140 million in multifamily transactions in the Lakeview, Buena Park and Lincoln Park neighborhoods.<\/span><span lang=\"EN\">\u00a0<\/span><\/p>\n<p class=\"xmsonormal\"><span lang=\"EN\">\u201cBuena Park is a historic North Side lakefront community with a lot of charming older buildings, and sale velocity there is relatively low,\u201d said Smazal. \u201c755 W. Buena is a very well-located rental community one block from Lake Michigan with easy access to downtown Chicago. With a price below multifamily properties in other popular North Side neighborhoods like Lincoln Park and Lakeview, we were able to quickly identify a buyer.\u201d <\/span><\/p>\n<p class=\"xmsonormal\">Built in 1912, 755 W. Buena has five studios, 24 one-bedrooms and one two-bedroom. It features on-site laundry facilities and bike storage.<\/p>\n<p class=\"xmsonormal\">The property is located near numerous shops, restaurants and entertainment venues and a short walk from parks and recreational amenities along the lakefront. It also provides easy access to bus routes, the CTA Red Line and DuSable Lake Shore Drive.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Interra\u00a0Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $4.7 million sale of 755 W. Buena Ave., a 30-unit rental community in the Buena Park section of Chicago\u2019s Uptown neighborhood. The price per unit was $156,667.\u00a0 Interra Senior Managing Partner Joe Smazal represented the seller, a local private owner\/operator that made [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":27958,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[606,434,605],"tags":[490,609,467,7661,608],"class_list":["post-27956","post","type-post","status-publish","format-standard","hentry","category-deal-boom","category-midwest-north-region","category-news","tag-chicago-illinois","tag-deal-boom","tag-illinois","tag-interra-realty","tag-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.8 (Yoast SEO v24.8.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Interra Realty brokers $4.7 million sale of 30-unit multifamily property in Chicago\u2019s Buena Park | Yield PRO<\/title>\n<meta name=\"description\" content=\"Interra\u00a0Realty brokered the $4.7 million sale of 755 W. 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