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Chicago & Midwest  + North Side  + Apartments  | 

Chicago Developer Snags Apartment Building in Bucktown

Interra Realty brokered the $1.25 million sale of a six-unit apartment building in Chicago’s Bucktown neighborhood. The transaction equated to $208,333 per unit. Interra Senior Managing Partner Brad Feldman and Director Harrison Pinkus represented Marc Realty in the sale. Feldman and Pinkus also represented the buyer, Chicago-based Base 3 Development.

“The property has an excellent location in the heart of Bucktown and was in great shape, but still provides an ability for the buyer to do some light updates and drive the rent roll further,” said Feldman. “We had a lot of interest and multiple written offers as investor demand for stabilized, well-located assets remains strong.”

Located at 2102 N. Damen Avenue, the property includes three one-bedroom, one two-bedroom and two three-bedroom units. Each apartment features hardwood floors, in-unit laundry, as well as individual HVAC and hot water heaters. The property also has recent upgrades to its electrical and plumbing systems.

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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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