CHICAGO, IL - Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the sale of Low-Line Commons, a 95-unit apartment building in Chicago’s Lakeview neighborhood.
Interra Senior Managing Partner Joe Smazal and Director Mark Dykstra represented the seller, Highland Real Estate Partners. Smazal and Dykstra also represented the buyer, a joint venture between Wildwood Investments and Contemporary Concepts. The building was 98% occupied at the time of sale.
“Chicago’s rental market remains exceptionally healthy, yet the development pipeline has not kept pace,” said Smazal. “That imbalance is fueling intense interest from multifamily investors, particularly for new, well-located assets like Low-Line Commons that can meet today’s renter demand.”
Located at 3431-49 N. Ashland Ave., the building features three studio, 27 one-bedroom, 42 two-bedroom and 23 three-bedroom apartments. Low-Line Commons was constructed in 2024 and offers numerous resident amenities including a lounge, coworking space, fitness center, storage lockers, pickleball court and rooftop deck.
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.
Low-Line Commons is located close to numerous dining, shopping and entertainment offerings. The property is served by the CTA’s Paulina Brown Line station 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