Interra Realty brokered the $3.15 million sale of 6254 N. Whipple St. The 16-unit vintage apartment building in Chicago’s West Ridge neighborhood traded for $196,875 per unit.
Interra Senior Managing Partner Brad Feldman represented the buyer, a Chicago-based private investor. Feldman also represented the seller, a local private investor. The building was fully occupied at the time of sale.
“This deal is indicative of buyers finding value in the market while also obtaining a strong price for the seller,” said Feldman. Feldman assisted the seller in their original $1.8 million acquisition of the property in 2023.
Constructed in 1931 and renovated in 2023, the building features 16 two-bedroom apartments. Property improvements include new plumbing and electric systems and complete overhauls of apartment interiors with quartz countertops, stainless steel appliances and in-unit laundry. 6254 N. Whipple is located close to dining and shopping options along Devon, Lincoln and Peterson avenues, and is served by multiple bus routes.
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BTI Partners and Bridge Investment Group closed on $109 million in financing for the Bread Building, a multifamily property located in downtown Hollywood, Florida. Cushman & Wakefield arranged, and Greystone provided the Freddie Mac loan for the transaction on behalf of borrowers, BTI Partners and Bridge Investment Group. Cushman & Wakefield’s Equity, Debt & Structured Finance...
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Synergy held the official opening of Altitude Worcester, the largest office-to-residential conversion in Massachusetts, with a ribbon cutting ceremony with Juana Matias, the Secretary of the Massachusetts Executive Office of Housing and Livable Communities , and the City of Worcester. The event also marked the completion of 22 Elm St., the adjacent affordable homeownership community Synergy...
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The Massachusetts Bay Transportation Authority (MBTA) has issued a request for qualifications from would-be redevelopers of its downtown Lynn, MA commuter parking garage. It’s the first of a two-step process, to be followed by a request for proposals. The five-story garage opened in 1992 and has been partially closed since 2022 over safety concerns, ItemLive...
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