Interra Realty brokered the $1.3 million sale of a 13-unit apartment building at 1858 S. Springfield Ave. in Chicago’s Lawndale neighborhood. The price per unit was $105,000.
Interra Managing Partner Lucas Fryman represented the buyer, a local owner who has a portfolio of multifamily properties in the immediate area. The seller, Brilliant Future LLC, was represented by Interra Managing Partner Ted Stratman.
Built in 1923, 1858 S. Springfield went through a complete gut renovation in 2022, including new roofing, porches and windows. The unit mix includes nine two-bedroom and four three-bedroom apartments, which were also upgraded but had not yet been leased. An empty side lot will be used for secure on-site parking.
1858 S. Springfield is approximately two blocks from the Pulaski Pink Line station and close to multiple CTA bus routes.
