Interra Realty has brokered the sale of a 14-unit multifamily property at 1436 W. Erie St., in Chicago’s West Town neighborhood. Interra managing partner Brad Feldman and director Adam Saxon represented both the buyer and seller in the $3.275-million transaction.
“The high per-unit price underscores the growing desirability of this submarket,” said Feldman. “Its proximity to downtown, neighborhood feel and relative value compared with nearby areas like Fulton Market have raised the profile of West Town in the eyes of investors, who are eager to buy before prices climb higher.”
Built in 1889 and extensively renovated in 2017, the property includes a mix of studio, one and two-bedroom apartments, which were fully-leased at the time of closing. The buyer plans to make further updates to units that the seller hadn’t yet updated.
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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