Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $3.15 million sale of 6254 N. Whipple St. The 16-unit vintage apartment building, located 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. “What began as a value-add acquisition two years ago has evolved into a compelling redevelopment story, drawing nearly 20 showings and five written offers for what is now a turnkey property.”
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.
Feldman assisted the seller in their original $1.8 million acquisition of the property in 2023. At the time, the building had not changed hands in more than 50 years and needed significant upgrades. The seller’s investment equated to a nearly $85,000 increase in price per unit and increased rents.
This sale marks the latest in a series of Interra-brokered transactions on Chicago’s North Side totaling over $76 million so far in 2025. These include the $7.325 million sale of 611-13 W. Arlington Place, the $5.7 million sale of 567-69 W. Arlington Place, the $10.7 million sale of 811 W. Lill Ave., the $10.8 million sale of a West Ridge portfolio, the $9.625 million sale of 6930 N. Greenview Ave., the $3.45 million sale of 6405 N. Wayne Ave., the $5.88 million sale of 6642-6652 N. Clark St., the $3.75 million sale of 4901 N. Christiana Ave. and the $16.1 million sale of a Rogers Park portfolio.
6254 N. Whipple is located close to dining and shopping options along Devon, Lincoln and Peterson avenues. The property is served by multiple bus routes and near both the CTA Brown Line and Metra Union Pacific North Line.
About Interra Realty:
Founded in 2010, Interra Realty is a Chicago-based commercial real estate services firm that delivers integrated, tailored solutions through its boutique, client-focused approach and team of experienced professionals. Since its inception, the firm has closed thousands of transactions valued in excess of $2 billion spanning the multifamily, office and retail sectors, as well as loan sales. Interra’s clients range from private investors and high-net-worth individuals to large financial institutions, private equity groups and hedge funds. For more information, visit www.interrarealty.com.
6254 N. Whipple St.: Interra Realty brokered the $3.15 million sale of 6254 N. Whipple St., a 16-unit vintage apartment building in Chicago’s West Ridge neighborhood.