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Interra Brokers Lincoln Park MF Deals for $13M
Interra Realty has facilitated the sale of two vintage apartment buildings in Chicago’s Lincoln Park neighborhood for more than $13 million combined.
The properties included 611-13 W. Arlington Place, a 23-unit property that sold for $7.325 million, and 567-69 W. Arlington Place, a 14-unit building that sold for $5.7 million. Interra Director Colin O’Malley represented the confidential seller of both properties. Interra Senior Managing Partner Joe Smazal and Director Mark Dykstra represented Hayes Properties, the buyer of 611-13 W. Arlington. The confidential buyer of 567-69 W. Arlington was self-represented.
“This year has seen heightened investor interest for multifamily assets in strong and resilient submarkets like Lincoln Park,” said O’Malley. Built in 1927, 611-13 W. Arlington features three studio, 13 one-bedroom and seven two-bedroom units. 567-69 W. Arlington, constructed in 1907, features 10 two-bedroom, three three-bedroom and one four-bedroom units. The properties are served by multiple bus routes and the CTA’s Red, Brown and Purple lines via the Fullerton station.
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