Edgewater, Uptown Rentals Are Siren Song For Young Renters — And Investors

March 24, 2020


Last year, Taylor Johnson client Interra Realty brokered the $3.7 million sale of 5827 N. Ridge Ave. in Chicago’s Edgewater neighborhood, after it had sold for $1.7 million just two years earlier. At $205,555 per unit, it was one of the top prices for the submarket in 2019, per CoStar. When Bisnow recently wanted to explore the area’s market dynamics, we connected the reporter with Interra Director Paul Waterloo. In the resulting article, Waterloo explained how some investors are creating value by not only renovating older communities, but also altering the unit mix to offer smaller, more attainably priced rentals. Read more here.

Interra Realty brokered the $3.7 million sale of 5827 N. Ridge Ave. in Chicago’s Edgewater neighborhood last year.


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