Interra Brokers Lincoln Park MF Deals for $13M

Interra Brokers Lincoln Park MF Deals for $13M
News| August 18, 2025| Jasmine Kilman
Chicago & Midwest + Apartment Buildings

Interra Realty has facilitated the sale of two vintage apartment buildings in Chicago’s Lincoln Park neighborhood for more than $13 million combined.

The properties included 611-13 W. Arlington Place, a 23-unit property that sold for $7.325 million, and 567-69 W. Arlington Place, a 14-unit building that sold for $5.7 million. Interra Director Colin O’Malley represented the confidential seller of both properties. Interra Senior Managing Partner Joe Smazal and Director Mark Dykstra represented Hayes Properties, the buyer of 611-13 W. Arlington. The confidential buyer of 567-69 W. Arlington was self-represented.

“This year has seen heightened investor interest for multifamily assets in strong and resilient submarkets like Lincoln Park,” said O’Malley. Built in 1927, 611-13 W. Arlington features three studio, 13 one-bedroom and seven two-bedroom units. 567-69 W. Arlington, constructed in 1907, features 10 two-bedroom, three three-bedroom and one four-bedroom units. The properties are served by multiple bus routes and the CTA’s Red, Brown and Purple lines via the Fullerton station.

Be there for insights from multifamily industry leaders on Sept. 11, when Connect Conferences will hold a nationwide in-person event. Register here for Connect Apartments 2025, taking place in Los Angeles at the Fairmont Century Plaza.    

Other News

One Beverly Hills Reaches Milestones Ahead of Schedule

California & West + Apartment Buildings

The development team behind One Beverly Hills (1BH) said construction on the $10-billion luxury mixed-use project is proceeding ahead of schedule. The Beverly Hilton expansion structure topped out approximately 10 weeks ahead of schedule and one of the residential towers is progressing six weeks ahead. “This was accomplished while significant operations were maintained at The...

Learn more

Metro Loft, David Werner Secure $231M Loan for Midtown East Residential Conversion

New York & Tri-State + Apartment Buildings

Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...

Learn more

Rental Affordability Declines in Most Metros, but Improved Housing Quality is a Factor

Apartment Buildings

Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up