CHICAGO, IL - Interra Realty, a Chicago-based commercial real estate investment services firm, today announced it facilitated the $3.75 million sale of 4901 N. Christiana Ave., a 34-unit apartment building in Chicago’s Albany Park neighborhood. The transaction equated to $110,294 per unit.
Interra Managing Partner Patrick Kennelly represented the local buyer, 606 Realty. Interra Senior Managing Partner Joe Smazal represented the seller, an entity led by Mike Root of Chicago-based Root Realty.
“Real estate investors are hungry for move-in-ready workforce housing assets on the North Side of Chicago, where demand is strong but the pipeline for new supply lags market needs,” said Smazal. “As a demonstration, Interra’s aggressive marketing campaign for this property yielded several offers within two weeks and a closing within two months.”
Originally built in 1928, 4901 N. Christiana includes 33 studios and one one-bedroom unit. The well-maintained property, which was 97% occupied at the time of sale, recently received capital improvements to 23 units.
Interra has been very active in Albany Park and other North Side submarkets over the past year. In September 2024, Smazal and Director Mark Dykstra brokered a $19.3 million deal for a five-building portfolio that included Albany Park assets 4718-24 N. Bernard St., a 26-unit building, and the 17-unit 4654 N. Monticello Ave. In March 2025, Interra Senior Managing Partner Brad Feldman brokered the $16.1 million, off-market sale of a three-building, 115-unit apartment portfolio in Chicago’s Rogers Park neighborhood.
4901 N. Christiana is located close to dining and shopping options along Lawrence Avenue and is served by multiple CTA bus routes. The property is also a five-minute walk from the CTA’s Kimball Brown Line station.
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