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Chicago & Midwest  + North Side  + Apartments  | 
Interra Realty 2827-47 N. Clybourn Lakeview Chicago

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.” 

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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 16-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 7-10 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 GlobeSt.com 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
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