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Interra Realty Arranges Sales of Three Apartment Buildings in River Grove, Illinois

RIVER GROVE, ILL. — Interra Realty has arranged the sales of three apartment buildings in River Grove, a western suburb of Chicago. A two-property, 12-unit portfolio sold for $1.7 million, while an eight-unit building traded hands for $1.1 million. The properties in the portfolio were built in 1969, while the standalone building was completed in 1980. Patrick Kennelly, Paul Waterloo and Nathan Zito of Interra represented the seller of the portfolio, while Ralph Szypcio of Coldwell Banker represented the buyer. The same Interra brokerage team represented the buyer and seller of the standalone building. Both buyers are local operators who plan to self-manage the properties and improve them over a long-term ownership horizon. All of the buildings were fully occupied at the time of sale.

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