Interra Realty brokered the $12.69 million sale of a newer-construction mixed-use property comprising 30 residential units and six commercial spaces at 2827-2847 N. Clybourn Ave. in the city’s West Lakeview neighborhood. The deal equated to $352,500 per unit.
Interra Senior Managing Director Brad Feldman represented the seller, a private local investor, while Interra Managing Partner Patrick Kennelly and Managing Director Paul Waterloo represented the buyer, also a local investor. The purchaser assumed the asset’s existing mortgage, which carries a low-3% interest rate.
The property’s 30 apartments, which were over 95% occupied at the time of sale, all feature two-bed, two-bath layouts with floor-to-ceiling soundproof windows, hardwood floors throughout and private walkout balconies. Kitchens have an open floor plan with custom cabinetry, tile backsplash, quartz countertops and stainless steel appliances. Shared resident amenities include a private fitness center, rooftop lounge and bike and storage rooms. The building also features a heated indoor parking garage for 34 vehicles and an additional 12 exterior spaces for the commercial units.
2827-2847 N. Clybourn is located at the convergence of several of Chicago’s most popular residential neighborhoods, including Lincoln Park, Bucktown, Logan Square and Avondale, and near many dining and shopping options along Clybourn Avenue. The property is served by multiple CTA bus routes, including several that connect to the Blue and Brown L lines.
