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Chicago & Midwest  + North Side  + Apartments  | 
843 W. Agatite Ave. Uptown Chicago

Interra Brokers Deal for Luxury Multifamily in Uptown

Interra Realty brokered the $16.9-million sale of a two-building multifamily portfolio in Chicago’s Uptown neighborhood. The Mondrian, located at 4714 N. Sheridan Rd., and 843 W. Agatite Ave. together comprise a total of 50 apartments. The average price per unit was $338,000. 

Co-founders and managing principals Jon Morgan and David Goss along with senior managing partner Joe Smazal represented the seller, Chicago-based Mavrek Development, which developed the Mondrian in 2021 and 843 W. Agatite in 2019. Interra director Colin O’Malley represented the private buyer. 

“While Uptown historically hasn’t been known for luxury apartments, that’s started to change in recent years as renters look farther north in the city and seek new-construction communities in neighborhoods where vintage buildings are more typical,” said Smazal. “In fact, this deal is the highest price per unit in Uptown in the last 10 years and presumably ever.” 

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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 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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