Interra Realty has brokered the sale of two separate, fully occupied multifamily properties in Chicago.

An eight-unit apartment building at 5130 S. Greenwood Ave. in the Hyde Park neighborhood sold for $2.92 million, and a 17-unit rental community at 6251 N. Talman Ave. in the city’s West Ridge neighborhood sold for $2.21 million.

Interra Senior Managing Partner Brad Feldman represented both the 5130 S. Greenwood buyer, a local private investor, and the seller, Barnett Capital. For the 6251 N. Talman transaction, Feldman procured the buyer, a local private investor, and, along with Interra Associate Kevin Rahmanim, represented the seller, a local family-owned LLC.

At $365,000 per unit, the 5130 S. Greenwood transaction represented the highest price per unit for vintage apartment buildings in the city’s Hyde Park neighborhood in the last five years. “Quality properties on Chicago’s North Side continue to command strong investor interest, especially those offering a value-add proposition,” Feldman said.

Chicago-based multifamily brokerage firm Essex Realty Group, Inc. recently facilitated the sale of two properties in Chicago’s Greater Grand Crossing and Chatham neighborhoods. The transactions included the sale of 6800-6802 S. Indiana Avenue, a 16-unit apartment building, and 8001-05 S. Drexel Avenue, a 19-unit apartment building.

The Essex South/West team of Joe Kahlhammer, Robert Berman, Mike Anguiano, Daniel Shabsin, Jeremy DeMarco, and Russell Tillery exclusively represented the seller in each sale.

Commenting on the sales, lead broker Joe Kahlhammer said, “The activity we saw with these properties was astounding. Local and out of state investors alike were interested in these assets.”

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