Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
MF Portfolio in O’Hare Submarket Trades Hands
Interra Realty brokered the sale of a three-property, 18-unit multifamily portfolio on the city’s Northwest Side near O’Hare International Airport for $3.1 million, or $172,505 per unit.
Interra Managing Partner Patrick Kennelly, Managing Director Paul Waterloo and Associate Nathan Zito represented the portfolio’s seller, a local partnership. The buyer, also a local partnership, was represented by Jay Chandran of Jay C. Realty.
The six-flat buildings, at 8622 W. Berwyn Ave., 8657 W. Berwyn Ave., and 5240 N. Oakview Ave., were all constructed in 1969. This marks Interra’s fourth closing within the O’Hare submarket in the last six months, including 8531-35 W. Bryn Mawr Ave. in December 2023 for $1.74 million.
The 8622 W. Berwyn property, which sold for $1.055 million, represented the highest price for a six-flat within the O’Hare submarket in the last five years. Two cornering properties, 8657 W. Berwyn and 5240 N. Oakview, sold for $1.05 million and $1.025 million, respectively.
