Interra Realty has brokered the sale of a three-building, 115-unit apartment portfolio in Chicago’s Rogers Park neighborhood. The properties sold for $16.1 million in an off-market deal, equating to $140,000 per unit.

Interra Senior Managing Partner Brad Feldman and Harrison Cohen, senior vice president and principal at Triton Realty Group, represented the seller, George Triff. Feldman and Cohen also represented the buyer, a private individual investor. “Portfolio sales present investors with an opportunity to immediately achieve economies of scale that they otherwise would have to piece together individually over time,” said Feldman.

The portfolio consists of 7405 N. Damen Ave., featuring 33 one-bedroom units; 7415 N. Damen Ave., which includes 32 one-bedroom and six two-bedroom units; and 7416 N. Damen Ave., with 41 one-bedroom and three two-bedroom units. The properties were fully occupied at the time of sale.