Lakeview Sale Sets High Price Point for Non-Deconversion Deals
Interra Realty brokered the $14.8-million sale of 2827-47 N. Clybourn Ave., a 36-unit building in Chicago’s Lakeview neighborhood that includes six commercial spaces on the ground floor and 30 luxury apartments. The price per unit was $411,111, reportedly making this the largest non-deconversion multifamily sale in Lakeview in the past year.
Senior managing partner Brad Feldman represented the buyer, a local private investor, who plans to rent out the vacant retail space and increase rents. The seller was 2829 N Clybourn LLC.
“Lakeview is perennially popular because of its diverse housing stock, abundant retail and restaurant offerings, and other amenities including those along the North Branch of the Chicago River,” said Feldman. “In addition to a great location, 2827-47 N. Clybourn offers the modern floor plans and finishes today’s renters want, as reflected by the property’s strong performance since opening.”
- ◦Sale/Acquisition