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Chicago & Midwest  + North Side  + Apartments  | 

Leased-Up Wrigleyville Apartments Fetch $450K Per Unit

Interra Realty brokered the $5.4-million sale of 915 W. Addison St., a 12-unit rental community located steps from Wrigley Field in the North Side’s Wrigleyville neighborhood. The price per unit was $450,000, one of the highest for the submarket so far this year, according to CoStar.
 
The firm’s Joe Smazal represented the private local buyer, while Craig Martin represented the seller, Horizon Realty Group. Interra marketed the property on behalf of Horizon while the firm was completing an extensive capital improvement program and half of the units were vacant. By the time of sale, the property was fully occupied at competitive rental rates.
 
“Continued development around the ballpark has shifted the image of Wrigleyville from a seasonal destination to a year-round hub of activity, with new retail, restaurant and nightlife offerings that have attracted renters and lifted nearby property values,” said Martin.

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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 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).

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