Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $2.95 million sale of 1350-1352 N. Cleveland Ave., a six-unit apartment building in Chicago’s Old Town neighborhood. The sale equated to $492,000 per unit.
Interra Senior Managing Partner Brad Feldman represented the seller, Highland Real Estate Partners. Feldman also represented the buyer, a private investment firm. The building was fully occupied at the time of sale.
“Generous layouts have become one of the strongest differentiators in today’s multifamily market, and properties like this one with three-bedroom units really stand out,” said Feldman. “Investors know that spacious workforce housing appeals to long-term renters, which was a major factor behind the strong price-per-unit achieved in this sale.”
Constructed in 1969, the building features six three-bedroom apartments. Condo-quality finishes include granite countertops and stainless steel appliances, and all apartments have individual HVAC and in-unit laundry. The property also includes six on-site parking spots.
This sale marks the latest in a series of Interra-brokered transactions on Chicago’s North Side totaling over $98 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 $4.5 million sale of 4954 N. Christiana Ave., the $2.2 million sale of 4321-23 N. Tripp Ave., the $5 million sale of 931 W. Leland Ave., the $3.6 million sale of 1909-13 W. Larchmont Ave., the $3.84 million sale of 7240 W. Devon 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., the $3.15 million sale of 6254 N. Whipple St. and the $16.1 million sale of a Rogers Park portfolio.
1350-1352 N. Cleveland is located close to dining, shopping and entertainment options along Wells Street and North Avenue. The property is also within walking distance of the CTA’s Sedgwick station, served by the Brown and Purple lines, and multiple bus routes.
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.
1350-1352 N. Cleveland Ave.: Interra Realty brokered the $2.95 million sale of 1350-1352 N. Cleveland Ave., a six-unit apartment building in Chicago’s Old Town neighborhood.