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Chicago & Midwest  + North Side  + Apartments  | 

Boutique Apartments Near Wrigley Field Fetch $3M

Interra Realty brokered the $3.25 million sale of a 12-unit apartment building at 4016-18 N. Kenmore Avenue in Chicago’s Buena Park neighborhood. The price per unit was $270,833.

Interra Senior Managing Partner Joe Smazal, Managing Partner Patrick Kennelly and Managing Director Paul Waterloo represented the buyer, Drexel Properties, a repeat client of the firm. Smazal, Kennelly and Waterloo also represented the seller, a private investor. The vintage greystone, built in 1896 and last renovated in 2014, was fully occupied at the time of sale.

“The property’s market-leading price per unit is the result of it being fully renovated and occupied, as well as its walkability to Wrigley Field and the many amenities found throughout the surrounding neighborhood,” said Smazal. The boutique property includes four three-bedroom duplex units, as well as two two-bedroom and six one-bedroom apartments.

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Interra RealtyDrexel Properties

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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