Rogers Park Sales Demonstrate Neighborhood’s Value-Add Appeal
Interra Realty brokered a pair of multifamily transactions totaling $8.15 million in the North Side’s Rogers Park neighborhood. In the first transaction, Interra’s Joe Smazal represented both buyer and seller of 7320 N. Ridge Blvd., a 38-unit rental community that traded for $5.74 million.
“Rogers Park continues to attract investors who are drawn to its stock of well-maintained, stabilized properties, many with a value-add component,” said Smazal. “After aggressively marketing 7320 N. Ridge to a national network, we were able to secure an offer in less than a week for nearly list price.”
Interra Realty also brokered the $2.41-million sale of 1934-38 W. Estes Ave., a 16-unit rental community south of Pottawattamie Park. The price per unit was $150,938. The firm’s Craig Martin represented the seller, a local private investor, while Smazal represented the local private buyer. Interra secured multiple competitive offers and closed at near list price.
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).