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Chicago & Midwest   /   April 29, 2021

Paul Bubny
By: Paul Bubny

Family Office Sells Lincoln Square Apartments After 50-Year Hold

Interra Realty recently brokered the sale of 4841 N. Rockwell St., an 18-unit multifamily property in the North Side’s Lincoln Square neighborhood. The property sold for $3.4 million, which equates to $188,888 per unit. 
 
Managing partner Craig Martin represented the seller, a local family office that was in its second generation of ownership, as well as the confidential buyer.
 
“This building has been in the seller’s family for over 50 years, and they did an incredible job of maintaining and updating it during that time,” said Martin. “We worked with them to identify the optimal time to sell, tapping into our network to find a qualified buyer who saw value in both the asset and its location.”
 
Located at the northeast corner of Rockwell and Gunnison streets in Lincoln Square, 4841 N. Rockwell includes 18 one-bedroom units, all of which were occupied at the time of sale.  

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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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