Interra Realty Brokers Sale of Bucktown Mixed-Use Building
Interra Realty brokered the $7.34 million sale of 1755 N. Damen Ave., a 13-unit mixed-use building adjacent to The 606 trail in Chicago’s Bucktown neighborhood.
Interra Senior Managing Partner Joe Smazal and Director Mark Dykstra represented the buyer, Stocking Urban, LLC, led by Nicholas Stocking. Smazal and Dykstra also represented the confidential seller in the off-market deal. All residential units were fully occupied at the time of sale.
“Chicago’s multifamily sector continues to attract significant investor interest, supported by resilient fundamentals that set it apart from most other markets,” said Smazal.
The property features three two-bedroom, five three-bedroom and two four-bedroom layouts. The luxury loft apartments include kitchens with Italian flat-panel cabinetry, quartz countertops and stainless steel appliances.
In addition to the residential units, the building includes three commercial spaces, two of which are occupied. Stocking Urban plans to make cosmetic updates to the commercial spaces and lease the one vacant storefront.
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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