Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the $8.15 million sale of a 69-unit mixed-use building in Chicago’s Rogers Park neighborhood. The transaction equated to $118,116 per unit.
Interra Associate Kevin Rahmanim represented the buyer, a local private investor. The local private seller was self-represented in the off-market deal. This is the first time the courtyard building, which was constructed in 1931, has transacted in over 50 years.
Located at 7219 N. Sheridan Road, the property includes three studios, 37 one-bedroom units and 21 two-bedroom units, as well as eight ground-floor retail spaces. The well-maintained property recently received upgraded building systems.
7219 N. Sheridan is one block from Lake Michigan as well as Loyola Park. The property is within walking distance of dining, shopping and entertainment options along Sheridan Road and Clark Street. Nearby transit options include the CTA’s Jarvis Red Line station and multiple CTA bus routes.
