CHICAGO, IL - Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it brokered the $4.95 million sale of 2105 W. Caton St. in Chicago’s Bucktown neighborhood. The nine-unit mixed-use property traded for $550,000 per unit.
Interra Senior Managing Partner Brad Feldman represented the buyer, a local private investor that also assumed the loan. Additionally, Feldman represented the seller, a developer he had worked with on the original 2018 land acquisition. The property was fully occupied at the time of sale.
“We fielded strong interest from qualified investors and ultimately achieved a sale at more than 99% of the list price following a competitive process,” said Feldman. “The buyer was particularly attracted by the prospect of acquiring a newer-construction asset with limited near-term repair exposure and attractive assumable debt.”
Completed in 2023, the boutique property features six two-bedroom units and two three-bedroom penthouse duplexes with private rooftop decks. Luxury finishes include Kinzini cabinetry, stainless steel appliances, quartz countertops, in-unit laundry and individual HVAC. The property also includes eight covered garage parking spaces and one street-level commercial space, currently leased to a Pilates studio.
2105 W. Caton is close to The 606 trail, as well as some of Bucktown and Wicker Park’s most popular retail, restaurant, nightlife and hospitality offerings surrounding the six-corner intersection of North, Damen and Milwaukee avenues. The area is served by the CTA’s Damen Blue Line station and several CTA bus routes, with easy access to the Kennedy Expressway.
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 $3 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