Interra Realty brokered the $3.25 million sale of a 12-unit apartment building at 4016-18 N. Kenmore Ave. in Chicago’s Buena Park neighborhood. The price per unit was $270,833.
Interra Senior Managing Partner Joe Smazal, Managing Partner Patrick Kennelly and Managing Director Paul Waterloo represented the buyer, Drexel Properties, a repeat client of the firm. Smazal, Kennelly and Waterloo also represented the seller, a private investor. The vintage greystone, built in 1896 and last renovated in 2014, was fully occupied at the time of sale.
The boutique property includes four three-bedroom duplex units, as well as two two-bedroom and six one-bedroom apartments. All residences feature high-end finishes throughout; 9½- to 13½-foot ceilings; kitchens with granite countertops and stainless steel appliances; central air; and in-unit laundry. Eight on-site parking spaces provide additional income.
4016-18 N. Kenmore is approximately three blocks from Wrigley Field and located near abundant restaurant, retail and nightlife options in the Buena Park, Lakeview and Uptown neighborhoods. In addition, the property is a half-block from the Sheridan Red Line station and close to multiple CTA bus routes.
