Off-Market Triumph: First Sale Since 1989 for Mixed-Use Building at 4322 W. Fullerton Ave.—Hermosa’s Premium Address Changes Hands

Sale at a Glance

The confidential sale of 4322 W. Fullerton Ave. in Chicago’s Hermosa neighborhood marks a significant milestone—this was the first time the property had changed hands since 1989. After decades of dedicated ownership, the seller was ready to retire and entrusted Harrison Cohen, Senior Vice President & Principal of Triton Realty Group, to guide the transition with care and precision. Representing both sides, Cohen once again placed the asset with a proven buyer from his established client network, closing the deal on September 8, 2025. The transaction’s near-full occupancy, recent upgrades, and discreet execution underscore both the property’s enduring value and the power of trusted brokerage relationships.

Sale Details

This sale showcases the strength of long-term relationships and the enduring appeal of mixed-use real estate in Chicago’s Northwest Side.

• Broker Representation: Harrison Cohen, Senior Vice President & Principal, Triton Realty Group, represented both seller and buyer.

• First Sale in 36 Years: Property had not traded since 1989; longtime owner chose retirement and a smooth handoff to new stewardship.

• Closing Date: September 8, 2025.

• Repeat Buyer: Buyer is a trusted client for whom Cohen has successfully brokered multiple transactions.

• Occupancy at Sale: 8 of 9 units leased at closing.

• Discreet Marketing: Asset was quietly introduced to a select group of investors, ensuring operational continuity and tenant peace of mind.

Property Highlights

This classic brick building blends stability, versatility, and upside in a high-visibility Hermosa location.

• Residential Mix: Six 2-bedroom/1-bath apartments and one 1-bedroom/1-bath unit, all with individual mechanicals.

• Retail Storefronts: Two ground-floor commercial spaces (1,330 SF and 1,600 SF) fronting busy Fullerton Ave.

• Recent Upgrades: New roof layer installed approximately two years prior to sale.

• Efficient Systems: Apartments feature individual furnaces, window A/C, and hot water tanks; retail spaces offer newer HVAC and separate utilities.

• Upgraded Plumbing: Copper risers throughout enhance building reliability.

Key Investment Features

This asset offers a rare combination of legacy ownership, stable income, and operational efficiency.

• First Transfer in Decades: The property’s long-held, well-maintained status attracted strong investor interest.

• Robust In-Place Income: Eight of nine units occupied, delivering consistent revenue from day one.

• Separate Utilities: Individual mechanicals for each unit reduce landlord overhead and streamline management.

• Corner Lot Prominence: High-traffic intersection provides excellent visibility for both residential and commercial tenants.

• Value-Add Potential: Recent upgrades lay the groundwork for further enhancements and rental growth.

Market Strategy and Positioning

To honor the outgoing owner's desire for discretion, Triton Realty Group tailored a private, off-market sales process. Harrison Cohen leveraged decades-long relationships and his deep investor network, handpicking buyers who would appreciate the property’s legacy and potential. The buyer, a trusted client with a proven track record in previous transactions with Cohen, recognized the intrinsic value of the asset and acted swiftly. This approach delivered a seamless, respectful transition for the retiring owner and positioned the property for a new era of stewardship and growth.

Frequently Asked Questions (FAQs)

This historic, relationship-driven sale generated focused interest and insightful questions:

Q: Why was the property sold off-market and not publicly listed?

A: The longtime owner valued privacy and operational stability, so the sale was entrusted to a select group of proven investors to minimize disruption.

Q: What’s notable about the ownership history?

A: The property had been owned by the same family since 1989, offering buyers a rare chance to acquire a legacy asset in Hermosa.

Q: Who purchased the property?

A: The buyer is a repeat client of Harrison Cohen, with a demonstrated track record of successful mixed-use acquisitions in Chicago.

Q: How do the building systems benefit investors?

A: Individual utilities for each unit and modernized mechanicals reduce expenses and simplify management, supporting stable long-term returns.

Q: What makes this location attractive for commercial tenants?

A: Situated on a busy corner with excellent visibility and accessibility, the retail spaces suit a variety of uses catering to the vibrant local community.

Want to achieve results like this?

Contact Harrison Cohen, Triton Realty Group, harrison@tritonrealtygroup.com, 847.624.6639 to discuss your property goals and unlock new opportunities in Chicago’s thriving mixed-use market.