Interra Realty brokered the sale of The Synagogue, a 40-unit multifamily property at 5029 N. Kenmore Ave. in Chicago’s Uptown neighborhood for $8.175 million, or $204,375 per unit.
Constructed in 1922, the building is an adaptive reuse of a former temple that was reopened as rental apartments in 2019.
Interra co-founder and Managing Principal Jon Morgan and Director Michael Duckler represented the seller, Chicago-based Cedar Street, and the buyer, a local private investor.
Previously home of Agudas Achim North Shore Congregation, the synagogue closed in 2008 and was put on the market by its board in 2012 after the facilities had fallen into disrepair. It was included on Preservation Chicago’s annual “Chicago 7 Most Endangered” list in 2015. Cedar Street purchased the property—originally designed by architecture firm Dubin & Eisenberg and completed in 1922—in 2016 and subsequently converted it into apartments, retaining the temple’s historic exterior as well as several original interior features. It reopened in 2019.
The renovated community includes eight studio and 32 one-bedroom apartments, which were almost fully occupied at the time of sale. Residences feature in-unit laundry, concrete flooring, custom kitchen cabinetry, quartz countertops, subway tile backsplashes and stainless steel appliances. On-site amenities include a spacious lobby with lounge seating, bike storage, Wi-Fi in common areas and gated parking.
