Interra Realty brokered the $4.2 million sale of a 16-unit apartment building at 5073 N. Wolcott Ave. in Chicago’s Ravenswood neighborhood. The price per unit was $262,500.
Interra Senior Managing Partner Joe Smazal represented the buyer, ICM Properties, a local real estate investor. Smazal also represented the seller, a private New York-based investor. The vintage walk-up property, built in 1927 and located on a corner lot, sold for full list price and was fully occupied at the time of sale.
The boutique property includes 13 two-bedroom and three three-bedroom apartments. All residences feature modernized kitchens and bathrooms, and the building has on-site laundry and additional storage lockers.
5073 N. Wolcott is located near numerous restaurant, retail and nightlife options in the Ravenswood, Andersonville and Lincoln Square neighborhoods. In addition, the property is less than a half-mile from the Ravenswood Metra station and CTA’s Damen Brown Line station and close to multiple bus routes.
