Interra Realty brokered two separate vintage multifamily property sales in Chicago: an eight-unit apartment building at 10-12 W. Chestnut St. in Chicago’s Gold Coast for $3.425 million and a two-building, 12-unit mixed-use portfolio at 1754-1756 W. 21st Place in the city’s Pilsen neighborhood for $3.1 million.
Interra Managing Director Jeremy Morton represented the confidential buyer of the Gold Coast building, with Steven Rapoport of Chicago Real Estate Resources, Inc., representing the unnamed seller. Morton and Interra Managing Director Harrison Pinkus brokered the Pilsen deal on behalf of the private seller, with Denise Reyes of HomeSmart Connect LLC representing the confidential buyer. All buildings were fully occupied at the time of sale.
10-12 W. Chestnut St. – Gold Coast
The boutique community at 10-12 W. Chestnut includes eight two-bedroom apartments. Units within the well-preserved building, constructed in the late 1800s, feature 10-foot ceilings, vintage finishes and bay windows overlooking tree-lined Chestnut Street. The property also includes four on-site parking spaces.
10-12 W. Chestnut is within walking distance of numerous dining, shopping and entertainment options around the Magnificent Mile. The area is served by the CTA’s Chicago Red Line station and multiple CTA bus routes.
1754-1756 W. 21st Place – Pilsen
The Pilsen portfolio comprises two adjacent buildings: 1754 W. 21st Place and 1756 W. 21st Place. Built in 1885, 1754 W. 21st includes three three-bedroom units with spacious layouts including dining rooms, and the top-floor unit is a duplex. The building was recently renovated to upgrade the electric, plumbing and HVAC systems as well as windows and porches. The property also includes three on-site parking spaces.
1756 W. 21st, constructed in 1884, has eight two-bedroom units, all of which recently underwent a full gut rehab with new electric, plumbing, HVAC, roof, windows and high-end finishes. The building also includes one retail space.
The Pilsen properties are close to dining and shopping options along 18th Street, as well as cultural attractions including Thalia Hall and the National Museum of Mexican Art. The area is served by the CTA’s Damen Pink Line station and several CTA bus routes.
