Interra Realty facilitated the sale of two value-add multifamily buildings in the northwest Chicago area, totaling $4.65 million. The two-building, 16-unit 1860-1900 N. Parkside Drive in Park Ridge, Ill., sold for $2.75 million, and the 12-unit 8544-48 W. Gregory St. in Chicago’s O’Hare submarket transacted for $1.9 million.

Interra’s Patrick Kennelly, Paul Waterloo and Nathan Zito represented both the buyer and seller of N. Parkside. Kennelly, Waterloo and Zito also represented the undisclosed partnership seller of W. Gregory, with Oleg Komarnytskyy of KOMAR Real Estate representing the private buyer. Both properties were fully occupied at the time of sale.

N. Parkside includes one- and two-bedroom apartments, while W. Gregory is a courtyard building constructed in 1972 featuring studio, one-, two- and three-bedroom units. “The stability of the rental market close to O’Hare, including in Chicago’s northwest suburbs, has kept these areas at the top of investors’ lists,” said Waterloo. “Limited supply, especially for attainable workforce housing, only adds to that momentum.”