
Interra Closes Sales in Uptown, Rogers Park
Interra Realty arranged the $2.475-million sale of 20 units at 4901-4907 N. Kenmore Ave., a multifamily property in the North Side’s Uptown neighborhood currently functioning as a residential condominium property. The firm also arranged the $2.65-million sale of 6439-6445 N. Richmond St., a 24-unit rental community in Rogers Park.
Senior managing partner Brad Feldman represented the confidential seller and buyer of 4901-4907 N. Kenmore. The buyer plans to deconvert the building from condos to apartments. Feldman also represented both the seller and buyer of 6439-6445 N. Richmond.
“Heading into the last quarter, it’s great to see continued strong velocity for Chicago middle-market properties,” said Feldman. “That goes for all neighborhoods, from Logan Square to Rogers Park and Evanston, and for regular sales as well as deconversions. Despite the challenges and hurdles of working in a pandemic, Midwest multifamily buildings have remained solid investments throughout 2020.”
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- ◦Sale/Acquisition