Interra Realty brokered the sale of Low-Line Commons, a 95-unit apartment building in Chicago’s Lakeview neighborhood.
Interra Senior Managing Partner Joe Smazal and Director Mark Dykstra represented the seller. Low-Line Commons was acquired by Highland Real Estate Partners and sold by a joint venture between Wildwood Investments and Contemporary Concepts. The building was 98% occupied at the time of sale.
Located at 3431-49 N. Ashland Ave., the building features three studio, 27 one-bedroom, 42 two-bedroom and 23 three-bedroom apartments. Low-Line Commons was constructed in 2024 and offers numerous resident amenities including a lounge, coworking space, fitness center, storage lockers, pickleball court and rooftop deck.
This sale marks the latest in a series of Interra-brokered transactions on Chicago’s North Side totaling over $98 million so far in 2025. These include the $7.325 million sale of 611-13 W. Arlington Place, the $5.7 million sale of 567-69 W. Arlington Place, the $10.7 million sale of 811 W. Lill Ave., the $10.8 million sale of a West Ridge portfolio, the $9.625 million sale of 6930 N. Greenview Ave., the $4.5 million sale of 4954 N. Christiana Ave., the $2.2 million sale of 4321-23 N. Tripp Ave., the $5 million sale of 931 W. Leland Ave., the $3.6 million sale of 1909-13 W. Larchmont Ave., the $3.84 million sale of 7240 W. Devon Ave., the $3.45 million sale of 6405 N. Wayne Ave., the $5.88 million sale of 6642-6652 N. Clark St., the $3.75 million sale of 4901 N. Christiana Ave., the $3.15 million sale of 6254 N. Whipple St. and the $16.1 million sale of a Rogers Park portfolio.
Low-Line Commons is located close to numerous dining, shopping and entertainment offerings. The property is served by the CTA’s Paulina Brown Line station and multiple bus routes.
