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Chicago & Midwest  + North Side  |  May 10, 2024
Jasmine Kilman
By: Jasmine Kilman

Vintage Chicago MF Properties Fetch High Per-Unit Price

Interra Realty, a Chicago-based commercial real estate investment services firm, has brokered the sale of two multifamily properties.

Located in the Montclare neighborhood on the city’s Northwest Side, 3145 N. Nordica Ave. sold for $1.375 million, or $152,777 per unit, and 3037-39 N. Harlem Ave. sold for $1.33 million, or $147,777 per unit. The 3145 N. Nordica building closed at full price and represented the highest price per unit for vintage apartment buildings in the city’s Montclare neighborhood in the last nine years.

Interra Managing Partner Patrick Kennelly, Managing Director Paul Waterloo and Associate Nathan Zito represented the seller of both properties, a local partnership that owned 3145 N. Nordica for more than 30 years and 3037-39 N. Harlem for 50 years. The same Interra team procured the buyer of 3037-39 N. Harlem, a local investor, while Beco Kalamperovic of Dream Town Real Estate represented the buyer of 3145 N. Nordica.

Don’t miss the Lifetime Achievement Award Presentation and Keynote Interview with G. Joseph Cosenza, Vice Chairman of The Inland Real Estate Group, LLC and President of Inland Real Estate Acquisitions, LLC at Connect Midwest: Multifamily, Affordable, Student & Senior Housing Trends on June 4, 2024, at the W-Chicago, City Center Hotel, Chicago, IL. Register Today to network with your peers!

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InterraDream Town Real Estate

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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