Driven in part by out-of-state buyers, multifamily investment in Chicago’s South Shore neighborhood, located just south of Hyde Park, has picked up as investors chase higher yields. When Taylor Johnson client Interra Realty brokered the largest transaction in the submarket in nearly a decade, we took the story to Crain’s, resulting in a feature discussing the neighborhood’s appeal as projects like the Obama Presidential Center and a Tiger Woods-designed golf course move forward. TJ subsequently secured coverage in GlobeSt.com, Bisnow Chicago, RE Journals, The Real Deal Chicago, Connect Chicago, Multifamily Press and Multihousing Pro, and also connected the Interra team with Bisnow for another story on the South Shore submarket.

Interra Realty’s Joe Smazal (left) and Lucas Fryman brokered the $16.8 million sale of Shorewind Towers, a 178-unit building at 7000 South Shore Drive, and Shorewind Court, a 60-unit property nearby at 6951 S. Oglesby Ave. It was South Shore’s largest multifamily transaction since 2009.