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A 36-unit apartment property in Chicago's Fulton River District sold for $11 million, in a deal brokered by Interra Realty

Fulton River Apartments Trade for $11M to Private Buyer

Interra Realty, a Chicago-based commercial real estate investment services firm, brokered the sale of a 36-unit transit-oriented multifamily property located at 851 W. Grand Ave in the Fulton River District of Chicago’s West Loop neighborhood. The building sold for $11.05 million, or $306,944 per unit. 

Managing principals David Goss and Jon Morgan, along with director Harrison Pinkus, represented the seller, Monroe Residential Partners. Senior managing partner Brad Feldman represented the buyer, a local private investor. 

“There aren’t many multifamily properties quite like this in the neighborhood, and few have sold for such a strong price,” said Pinkus. “The fact that we entertained multiple offers is emblematic of the demand for high-quality rental properties in key Chicago neighborhoods.” 

Feldman added, “Demand will only skyrocket as this area experiences additional development, including the future Bally’s Chicago casino only a few blocks away.” 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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