For Immediate Release: Triton Realty Group Closes $3 Million in Northwest Chicago Apartment Buildings

Summary: Triton Realty Group today announced the first wave of dispositions from the Gary R. Carlson Northwest Chicago Portfolio, a 99-unit, 16-building collection brought to market in December 2025. The three initial closings total $2,995,000 in combined sales volume and represent a significant milestone in the liquidation of this legacy estate. Additional multifamily properties from the portfolio remain available. 

CHICAGO, IL – March 24, 2026 – Triton Realty Group announced the completion of three sales from the Gary R. Carlson Northwest Chicago Portfolio, the 99-unit, 16-building multifamily collection. The closings at 3543-45 N. New England Ave. in Schorsch Village, 3217-21 N. Kildare Ave. in Irving Park, and 4121-25 N. Tripp Ave. in Irving Park represent $2,995,000 in combined sales volume and mark the first wave of dispositions from one of the most significant legacy multifamily portfolios on the Northwest Side to come to market in recent years. 

All three transactions were handled by Triton Realty Group’s listing team - Matthew Fritzshall (Founder & Managing Principal), Luke Wojcik (Senior Advisor), and Harrison Cohen (SVP & Principal) - who served as representation for the Buyers in each deal. 

3543-45 N. New England Ave

The first closing came at 3543-45 N. New England Ave., a nine-unit, 1965-vintage masonry brick building in Schorsch Village that sold for $1,050,000 on January 21, 2026. The property attracted multiple offers, with eight of nine units leased at the time of sale, and features five rear surface parking spaces and on-site laundry — amenities that continue to drive investor demand for vintage assets in established Northwest Side neighborhoods. 

3217-21 N. Kildare Ave

The second closing, 3217-21 N. Kildare Ave. in Irving Park, sold for $795,000 on March 13, 2026. Built in 1929, this six-unit brick building anchors a prominent corner lot and spans 6,475 square feet with two 1-bedroom and four 2-bedroom apartments. The property’s generous layouts and architectural character attracted value-add investors looking to modernize interiors and capture rent growth in a neighborhood with consistent renter demand. 

4121-25 N. Tripp Ave

The most recent closing, 4121-25 N. Tripp Ave. in Irving Park, sold for $1,150,000 on March 16, 2026. A nine-unit building with a distinctive triangular, Flatiron-inspired silhouette, the property was fully leased at close and offered investors an immediate income stream alongside meaningful value-add upside. When the original buyer couldn’t finance the property through following an initial contract in December 2025, Triton Realty Group quickly re-engaged the market and secured a full price closing with a new investor. 

“The momentum behind these first three closings reflects exactly what we identified when we brought this portfolio to market - deep investor appetite for well-located, vintage multifamily assets on the Northwest Side,” said Matthew Fritzshall, Founder & Managing Principal at Triton Realty Group. “The Carlson portfolio gives buyers something that is very hard to find: scale, character, and a proven neighborhood track record.” 

The Gary R. Carlson Northwest Chicago Portfolio traces back more than four decades, beginning with the first acquisition by longtime Northwest Side owner Gary R. Carlson in 1982. Over the years, Carlson assembled a sprawling collection of buildings clustered around Chicago’s Northwest submarkets. The properties share common traits that have supported stable occupancy across market cycles: established residential blocks, proximity to neighborhood retail, schools, and parks, and straightforward access to a multitude of transit options. 

“All three of these transactions closed with buyers who understood the opportunity and moved decisively,” said Harrison Cohen, SVP & Principal at Triton Realty Group. “With these three closings behind us, we’re actively working through the remainder of the portfolio and generating strong interest from buyers targeting the Northwest Side.” 

The Northwest Chicago multifamily market has continued to draw investor attention for its combination of below-market rents, limited new supply, and long-term tenant histories in neighborhoods that have held their appeal across market cycles. Recent sales activity in these corridors shows buyers paying premiums for renovated and stabilized assets, while vintage properties with unrenovated interiors offer a clear value-add path for buyers willing to invest in improvements and capture the resulting rent growth. 

Investors can acquire remaining portfolio assets individually or as part of a larger assembled package. Ownership will consider offers on individual buildings, allowing private investors to target specific neighborhoods, and larger buyers to assemble a customized subset within the broader Northwest Chicago footprint. 

Property-level information for remaining assets in the Northwest Chicago Portfolio is available at www.tritonrealtygroup.com. For full portfolio materials, including the offering memorandum and due diligence files, investors can request access from the listing team or visit the Carlson Deal Room. 

About Triton Realty Group – Triton Realty Group is a privately held, Chicago-based brokerage and acquisitions firm specializing in multifamily and mixed-use properties. With over a decade of experience in the city and surrounding suburbs, the firm has completed over 450+ transactions totaling more than 6,000 units and $650+ million in value. Triton represents investors across a range of deal sizes and uses its extensive market relationships to identify and close opportunities both on and off the market 

For Media Inquiries Contact:  

Harrison Cohen Senior Vice President & Principal Triton Realty Group -5301 N. Damen Avenue, Chicago, IL 60625 

847-624-6639 | harrison@tritonrealtygroup.com www.tritonrealtygroup.com