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Interra Brokers Deals on South, Southwest Sides
Interra Realty recently brokered the sales of two multifamily properties on Chicago’s South and Southwest sides. 7245 S. Bennett Ave., a 19-unit property in the South Shore neighborhood, traded for $1,290,000, while 6346 S. Fairfield Ave., a 31-unit community in Marquette Park, sold for near list price at $1,750,000.
“Both properties generated strong interest from prospective buyers, including out-of-state and international investors, which shows how capital has continued to flow into South and Southwest Side neighborhoods that have seen less ground-up development in recent years,” said Ted Stratman, managing partner at Interra Realty. “Demand is especially strong for properties in need of renovations that, upon completion, translate to higher rents.”
Stratman and Interra director Jeremy Morton represented both the private local buyer and seller of 7245 S. Bennett. The sale of 6346 S. Fairfield was also brokered by Stratman and Morton, together with managing partner Patrick Kennelly and director Paul Waterloo.
- ◦Sale/Acquisition
