Interra Realty has brokered two multifamily transactions in the North Side’s Andersonville neighborhood. They included the $3.75-million sale of a 12-unit multifamily building and adjacent lot on Glenwood Avenue and, separately, the $2.8-million sale of a 20-unit rental building along Hermitage Avenue.
Craig Martin, managing partner at Interra, represented the private buyers and sellers in both transactions.
“These properties are located within blocks of the neighborhood’s main shopping, dining and entertainment area along Clark Street, making them ideal additions to both buyers’ existing portfolios,” said Martin. “Opportunities like these are rare in a highly sought-after neighborhood like Andersonville, where investors can expect consistent returns.”
The Glenwood Avenue transaction entailed the sale of a 5,000-square-foot lot at 5316 N. Glenwood Ave. and adjacent 12-unit apartment building at 5320 N. Glenwood. The 20-unit rental at 5710 N. Hermitage Ave. (pictured) was marketed as a value-add opportunity and traded for $140,00 per unit.
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. 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 15-20 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).
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