Interra Realty brokered the $10.5 million sale of Logan Station, a 24-unit multifamily building at 2504-16 N. Willetts Court in Chicago’s Logan Square neighborhood. The transaction equated to $437,500 per unit.
Interra Senior Managing Partner Joe Smazal and Director Mark Dykstra represented the confidential seller and also procured the buyer, Breneman Capital. Logan Station was fully occupied at the time of sale.
Built in 2007, Logan Station features six one-bedroom, 12 two-bedroom and six three-bedroom layouts, most bi-level, averaging 1,500 square feet in size. All units feature contemporary finishes, including granite countertops, stainless steel appliances, in-unit laundry and individual HVAC. Some units include balconies or private terraces. Breneman Capital will implement a light value-add program to interiors to align the property with market expectations.
Logan Station is located close to dining, shopping and entertainment options along Milwaukee and Fullerton avenues. The property is served by the CTA’s Logan Square Blue Line station and multiple bus routes.
Smazal and Dykstra have completed 19 transactions combined on the city’s North and Northwest sides in the last 12 months, for a total sales volume of over $150 million. Other transactions include the 50-unit 520 W. Stratford Place / 525 W. Cornelia Ave., 31-unit 920 W. Oakdale Ave., 95-unit Low-Line Commons at 3431-49 N. Ashland Ave., 23-unit 611-13 W. Arlington Place and 22-unit 811 W. Lill Ave.
