
Interra Brokers West Town Multifamily Deal
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.
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- ◦Sale/Acquisition