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Interra Arranges Two Andersonville Deals
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.
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- ◦Sale/Acquisition
