<body><div><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=0IHG1W_0wC6H5gj00" alt="https://img.particlenews.com/image.php?url=0IHG1W_0wC6H5gj00" width="820" height="510" >Interra Realty has brokered the sale of a mixed-use building at 5300 S. Blackstone Ave. featuring 24 apartments as well as two ground-floor commercial spaces. The property sold for $9.025 million, equating to $347,115 per unit.Interra Senior Managing Partner Joe Smazal and Director Mark Dykstra brokered the deal on behalf of the buyer, Estia Properties, a Chicago-based real estate investment and management company. Smazal and Dykstra also represented the confidential seller, an East Coast-based investment group.“Estia Properties was attracted by the prospect of creating value with this asset through operational efficiencies,” said Smazal. Originally constructed in 1907, the property includes one one-bedroom, 11 two-bedroom and 12 three-bedroom layouts. The building’s corner retail space is leased to Philz Coffee. A local property management company occupies the other commercial space. Located on the busy 53rd Street retail corridor, the property is within walking distance of the University of Chicago, the Museum of Science and Industry, and the Lake Michigan shoreline. ConnectInside The StoryJasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.<h2>Apartment buildings for sale</h2>Check out the latest properties available on apartmentbuildings.com<ul><li>Cleveland, OHChicago &amp; Midwest + Apartment Buildings</li></ul>Listing Status:AvailableListing Type:AuctionPrice:$250,000No. of Units:28Year Built:1920Building Size:21200 Sq ftNo. of Stories:4Opportunity Zone:NoPrice per unit:$8,928<ul><li>St. Louis, MOChicago &amp; Midwest + Apartment Buildings</li></ul>Listing Status:AvailablePrice:$1,400,000No. of Units:12Cap Rate:8.32Average Occupancy:95Year Built:1908Year Renovated:2020Building Size:15924 Sq ftLot Size:20286 AcresNo. of Stories:3APN:3801-9-180.000Zoning Code:B-Two Family ResidentialNo. of Parking Spots:20Opportunity Zone:NoPrice per unit:$116,666</div></body>

Mountain View, CA

NewsBreak

Interra Closes $9M Sale of Hyde Park Mixed-Use

Interra Realty has brokered the sale of a mixed-use building at 5300 S. Blackstone Ave. featuring 24 apartments as well as two ground-floor commercial spaces. The property sold for $9.025 million, equating to $347,115 per unit. Interra Senior Managing Partner Joe Smazal and Director Mark Dykstra brokered the deal on...