Interra Realty brokered three separate multifamily transactions in southwest suburban Chicago.
The deals included the $2.34 million sale of 9822 Nottingham Ave. in Chicago Ridge, as well as the $1.73 million sale of 10821 S. Keating Ave. in Oak Lawn and the $1.05 million sale of a two-building portfolio in Midlothian, comprising 14613 S. Keystone Ave. and 14639 S. Karlov Ave.
Interra Managing Director Michael Duckler represented the confidential buyers and sellers in all three off-market transactions. All buildings were fully occupied at the time of sale. “Chicago’s southwest suburbs are seeing a noticeable uptick in demand as investors recognize the area’s strong fundamentals and long-term upside,” said Duckler.
Built in 1971, the 18-unit 9822 Nottingham features one-, two- and three-bedroom homes. The 12-unit 10821 S. Keating was constructed in 1979 and features one-bedroom and two-bedroom layouts. 14613 S. Keystone and 14639 S. Karlov include a combined 12 units, with one- and two-bedroom plans.
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