Illinois

CHICAGO — Interra Realty has arranged the sale of two properties in northwest Chicago totaling $4.7 million. The two-building, 16-unit 1860-1900 N. Parkside Drive in Park Ridge 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 undisclosed buyer and seller of 1860-1900 N. Parkside. Kennelly, Waterloo and Zito also represented the undisclosed partnership seller of 8544-48 W. Gregory, with Oleg Komarnytskyy of KOMAR Real Estate representing the private buyer. Both …

ARLINGTON HEIGHTS, ILL. — Marquette Cos. has acquired Orion Arlington Lakes, a 198-unit community in Arlington Heights, 25 miles northwest of Chicago. Immediate plans for the community include a rebranding to Avery at Arlington Lakes and the launch of value-add renovations of units and amenities, which include the construction of a new fitness center. As part of the transaction, Marquette Management will take over property management. Twenty-five percent of the units already have been renovated. The seller and sales price were not disclosed. Originally constructed in 1985, the property comprises …

OAK PARK, ILL. — Draper and Kramer has acquired Eleven33, a 263-unit property in Oak Park, about 10 miles west of downtown Chicago. The firm also will assume management of the property. Eleven33 was 95 percent leased at the time of sale and has averaged 94.4 percent occupancy since January 2024. It includes studio, one-, two- and three-bedroom units, with monthly asking rents currently starting at $1,945. Select floor plans feature a private balcony or terrace or access to a shared terrace. Amenities include a 24-hour fitness center with yoga …

AURORA, ILL. — Marquette Cos. has acquired Aurora at Summerfield, a 368-unit community in Aurora, 42 miles southwest of Chicago. The property, located 1847 Clubhouse Drive, was 97 percent occupied at the time of sale. Marquette’s property management subsidiary, Marquette Management, is the property manager. Aurora at Summerfield comprises 26 two- and three-story buildings housing a mix of one-, two- and three-bedroom units. About a quarter of the units are two-story townhomes. Amenities include a fitness center, a business center, a pool, grilling stations and a playground. The seller and …

CHICAGO — Highland Real Estate Partners has acquired Low-Line Commons, a 95-unit building in Chicago’s Lakeview neighborhood. The seller was a joint venture between Wildwood Investments and Contemporary Concepts. Interra Realty brokered the sale. The property was 98 percent occupied at the time of the sale. Located at 3431-49 N. Ashland Ave., Low-Line Commons, built in 2024, features three studio, 27 one-bedroom, 42 two-bedroom and 23 three-bedroom apartments. Amenities include a lounge, coworking space, a fitness center, storage lockers, a pickleball court and a rooftop deck.

CHICAGO — Interra Realty has arranged the sale of two Chicago properties totaling 34 units. The transactions included a 24-unit community at 4954 N. Christiana Ave. in the Albany Park neighborhood, which sold for $4.5 million, and a 10-unit community located at 4321-23 N. Tripp Ave. in the Old Irving Park neighborhood, which sold for $2.2 million. Interra Managing Partner Craig Martin represented the seller, HP Ventures Group, in both transactions. Martin also represented the buyers: Eloy Burciaga, who purchased 4954 N. Christiana, and John Krumsee, who acquired 4321-23 N. …

CHICAGO — Pegasus, a Los Angeles-based real estate advisory firm, has arranged the $10.8 million sale of an eight-building, 94-unit portfolio in Chicago’s Rogers Park neighborhood. The seller was a California-based family office that inherited the property in 2024. The buyer was an undisclosed local multifamily operator completing a 1031-exchange transaction. The buildings are located at 6705 to 6737 N. California Ave. The unit mix includes 36 studios, 55 one-bedrooms and three two-bedrooms. They buyer is planning to self-manage the property and complete renovations.