Interra Realty Brokers $12.7 Million Sale of 30-Unit Property in Chicago

by Channing Hamilton

CHICAGO — Interra Realty has brokered the sale of a 30-unit property located at 2827-2847 N. Clybourn Ave. in Chicago’s West Lakeview neighborhood. The community was more than 95 percent occupied at the time of sale. The property also features six commercial spaces. The building features a heated indoor parking garage for 34 vehicles and an additional 12 exterior spaces for the commercial units.

The building traded hands for $12.7 million. Brad Feldman of Interra Realty represented the seller, a private local investor, in the deal. Patrick Kennelly and Paul Waterloo represented the buyer, also a local investor. The buyer assumed the property’s existing mortgage, which carries a three percent interest rate.

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