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Interra Realty sells 86-unit multi-family development in Woodlawn/Hyde Park neighborhood

Staff Writer April 5, 2017
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drexel

Interra Realty recently sold Drexel Terrace, an 86-unit multi-family development located in Chicago’s Woodlawn/Hyde Park neighborhood.

The property was originally built in 1959 as the Hebrew Home for the Aged. Today, the property consists of 17 one-bedroom/one-bathroom units, 32 two-bedroom/one-bathroom units, 36 three-bedroom/1.5-bathroom duplex units and one four-bedroom/two-bathroom unit.

The property also features a social room and gym.

David Gross and Jon Morgan, managing principals of Interra Realty, represented the seller and buyer in this transaction.

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