Interra Realty Brokers Sale of New-Build Lakeview Apartment Building
Interra Realty brokered the sale of Low-Line Commons, a 95-unit apartment building in Chicago’s Lakeview neighborhood.
Interra Senior Managing Partner Joe Smazal and Director Mark Dykstra represented the buyer, Highland Real Estate Partners. Smazal and Dykstra also represented the seller, a joint venture between Wildwood Investments and Contemporary Concepts. The building was 98% occupied at the time of sale.
Located at 3431-49 N. Ashland Ave., the building features three studio units, 27 one-bedroom, 42 two-bedroom and 23 three-bedroom apartments. Low-Line Commons was constructed in 2024 and offers a lounge, coworking space, fitness center, storage lockers, pickleball court and rooftop deck.
Low-Line Commons is located close to numerous dining, shopping and entertainment offerings. The property is served by the CTA’s Paulina Brown Line station and multiple bus routes.
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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