Interra Brokers Sale of Mixed-Use Building in Suburban Chicago
Interra Realty has brokered the $2.55 million sale of 2300-2312 S. Central Ave., a 24-unit mixed-use building in Cicero, Illinois.
The vintage property, which features 22 apartments and two retail spaces, traded for $106,250 per unit. Interra Director Michael Duckler, Managing Partner Patrick Kennelly, Managing Partner Paul Waterloo and Associate Nathan Zito represented both the confidential buyer and the unnamed seller. The transaction is Cicero’s largest so far in 2025 by total dollar amount and unit count.
“Multifamily investors have shown strong interest in suburban Chicago over the past year, and this deal suggests that appetite is not waning,” said Duckler. Constructed in 1918, the property includes 22 two-bedroom units, 14 of which are duplexes, as well as two retail spaces. It also offers 18 indoor garage parking spots, with additional exterior surface parking accommodating 34 vehicles.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout