Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Chicago & Midwest  + North Side  + Apartments  | 

Rogers Park Rentals Trade for $150K Per Unit

Interra Realty has brokered the off-market sale of a 19-unit multifamily property at 2035 W. Arthur Ave. in West Rogers Park. The property sold for $2.8 million, or nearly $150,000 per unit, a strong price for the Rogers Park submarket.

Brad Feldman, senior managing partner at Interra Realty, represented both the buyer, a private local investor, and the seller, Marc Realty.

“Rogers Park remains attractive to renters and buyers alike because of its relative affordability,” said Feldman. “We’ve seen an uptick in activity in this pocket of West Rogers Park near Devon, as people discover the area’s high-quality, plentiful housing stock.”

Built in 1928, 2035 W. Arthur is a four-story, 20,000-square-foot building with a mix of 16 two-bedroom and three three-bedroom units. The apartments were last renovated in 2012 as part of a gut rehab. The units were fully occupied at the time of sale.


Subscribe to Connect Daily Chicago

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Connect With Interra

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).

  • ◦Sale/Acquisition
AshcroftCapital-04-cube
Chase-12-cube