Historic Logan Square Multifamily: 2337 N Sacramento Ave Sells for $1.025M
Historic Logan Square Multifamily: 2337 N Sacramento Ave Sells for $1.025M
Sale at a Glance
In the heart of Chicago’s vibrant Logan Square, 2337 North Sacramento Avenue—a classic four-unit walk-up with a private coach house—was sold for $1,025,000 on February 13, 2025. Orchestrated by Harrison Cohen and James Thompson of Triton Realty Group, this transaction highlights the magnetic draw of walkable, amenity-rich neighborhoods and the trust built with recurring clients. The property’s blend of vintage charm and modern upgrades set it apart in a market eager for well-maintained multifamily assets.
Sale Details
A turn-of-the-century multifamily in one of Chicago’s most sought-after corridors achieved a standout sale.
Brokers: Harrison Cohen & James Thompson, Triton Realty Group
Sale Price: $1,025,000
Close Date: February 13, 2025
Asset Class: Four-unit multifamily (plus private coach house)
Neighborhood: Logan Square, Chicago
Client Relationship: Recurring client entrusting another successful disposition
Property Highlights
This property exemplifies the soulful architecture and lifestyle that define Logan Square.
Historic Walk-Up: Classic 1895 construction with preserved architectural details
Private Coach House: Separate residence offering flexibility and privacy
Upgraded Units: Modern kitchens, central HVAC, in-unit laundry in all apartments
Soundproofed Windows: Rear-facing windows retrofitted for peace and quiet near the EL
Outdoor Courtyard: Private rear courtyard for tenants to gather and unwind
Key Investment Features
Investors were drawn to the property’s intrinsic value and future upside.
Prime Location: Steps from Logan Square’s best dining, parks, and transit
Strong In-Place Income: $93,600 annual rental income ($7,800 per month)
Turnkey Condition: Recent unit renovations minimize immediate capex needs
Tenant Appeal: Washer/dryer in every unit and outdoor space elevate marketability
Stability: Fully leased at closing with proven rental demand
Market Strategy and Positioning
The marketing campaign for 2337 N Sacramento Ave was designed to speak to both the heart and the future: spotlighting the building’s historic allure while emphasizing turnkey amenities and proven cash flow. The property was positioned as a rare find in Logan Square—a neighborhood where demand outpaces supply, especially for updated vintage assets. Triton Realty Group leveraged its deep roots with recurring clients and local investors, generating strong interest and facilitating a swift, top-of-market closing.
Frequently Asked Questions (FAQs)
This Logan Square property attracted attention for its unique blend of vintage style and modern convenience. Here are some of the most common questions about the sale:
Q: What sets 2337 N Sacramento Ave apart from other multifamily properties in Logan Square?
A: Its combination of a classic walk-up, private coach house, and in-unit amenities is rare for the neighborhood—and highly attractive to both tenants and investors.
Q: Was the property fully leased at the time of sale?
A: Yes, all units were occupied, reflecting strong rental demand and minimizing transition risk for the new owner.
Q: What was the in-place rental income?
A: The property generated approximately $93,600 annually, or $7,800 per month, offering immediate returns.
Q: Did the seller make any recent upgrades prior to sale?
A: Yes, kitchens were modernized, central HVAC installed, in-unit laundry added, and soundproofing retrofitted on rear windows.
Q: What kind of buyer demand did the listing generate?
A: Interest was robust, especially from investors seeking stabilized assets in walkable, high-demand neighborhoods like Logan Square.
Want to achieve results like this?
Contact Harrison Cohen at 847-624-6639 to discuss your property goals in Chicago.
