Interra Realty brokered the $9.625 million sale of 6930 N. Greenview Ave. in Chicago’s Rogers Park neighborhood. The vintage mixed-use building includes 66 apartments and five retail spaces.
Interra Managing Partner Patrick Kennelly represented the buyer, the Mehmeti family. Interra Senior Managing Partner Joe Smazal represented the confidential seller. The building, including residential and retail space, was fully occupied at the time of sale.
6930 N. Greenview was built in 1932 and features a mix of studio and one-bedroom layouts. Though the well-maintained building has had recent upgrades including a new boiler and updated elevator controls, the buyer has an opportunity to add value through strategic capital improvements. A local coffee shop, political field office and other uses occupy the retail spaces.
This is one of the largest multifamily sales in Rogers Park over the past year. In March, Interra Senior Managing Partner Brad Feldman facilitated the $16.1 million sale of a three-building, 115-unit portfolio.
Located close to dining and shopping options along Clark Street, 6930 N. Greenview is less than a mile from Loyola University Chicago and is within walking distance of Loyola Beach. The area is served by multiple CTA bus routes, the CTA’s Morse Red Line station and Metra’s Rogers Park station along the Union Pacific North Line.
