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Chicago & Midwest  + South Side  + Apartments  | 

Kenwood Apt. Sale Posts 10-Year High for Per-Unit Price

Interra Realty brokered the sale of 4740-48 S. Greenwood Ave., a four-story, 31-unit rental community in the South Side’s Kenwood neighborhood. The asset sold for $5.575 million, or $179,839 per unit, which was the highest price per unit for a single property in Kenwood in the past 10 years, according to CoStar data.

Joe Smazal, senior managing partner at Interra, represented the private seller, while associate Harrison Pinkus represented the private buyer. The building’s apartments were fully occupied at the time of closing.

“Investors are actively seeking deals in Kenwood and other fast-growing submarkets on Chicago’s South Side,” said Smazal. “This gut-rehabbed building with modern finishes and vintage charm is a rarely available asset situated in a historic area of Kenwood surrounded by mansions with large, deep lots.”

Built in 1922, 4740-48 S. Greenwood offers 12 one-bedroom and 19 two-bedroom apartments, each with one bath.

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About Paul Bubny

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 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).

  • ◦Sale/Acquisition