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Last of 10-Building Portfolio Trades in Marquette Park
Interra Realty brokered the $2.9-million sale of 6710 S. Claremont Ave., a 55-unit apartment and retail building in the Southwest Side’s Marquette Park neighborhood. The price per unit was nearly $53,000, one of the highest ever for a mixed-use building in the submarket, per CoStar Group.
The firm’s Ted Stratman, Lucas Fryman, David Goss, Jon Morgan, and Jeremy Morton represented the seller, a local private investor. The winning buyer was a private out-of-state investor, also represented by the same Interra team.
“Even in a lesser-known submarket like Marquette Park, well-priced, cash-flowing multifamily and mixed-use assets can attract national interest,” said Stratman. “Despite the strains of the pandemic, buildings in these neighborhoods continue to offer steady income and the chance for long-term appreciation.”
6710 S. Claremont was the last in a 10-building, 260-unit portfolio marketed by Interra. It included properties in Marquette Park, South Shore and Auburn Gresham.
- ◦Sale/Acquisition
