Edgewater Multifamily Sale: 1334-1336 W. Bryn Mawr Ave. Commands $2.35M
Edgewater Multifamily Sale: 1334-1336 W. Bryn Mawr Ave. Commands $2.35M
Sale at a Glance
In the heart of Edgewater, 1334-1336 W. Bryn Mawr Ave. stands as a testament to the enduring appeal of well-positioned multifamily assets. This seven-unit building was successfully sold for $2,350,000 on September 30, 2020. Triton Realty Group’s Matthew Fritzshall orchestrated the transaction, achieving a striking result in a market defined by change and opportunity. The sale underscores the magnetic pull of Chicago’s North Side for investors seeking rare, stabilized apartment product.
Sale Details
A celebrated Edgewater multifamily sale, marked by strategic execution and strong market demand.
Broker: Matthew Fritzshall, Triton Realty Group
Sale Price: $2,350,000
Closing Date: September 30, 2020
Units: 7 apartments
Asset Type: Multifamily
Neighborhood: Edgewater, Chicago
Property Highlights
This property’s timeless architecture and prime location made it a standout among North Side investments.
Location: Steps from Bryn Mawr’s vibrant retail, dining, and transit options
Unit Mix: Diverse layouts offering flexibility and broad appeal
Walkability: Exceptional access to neighborhood amenities and the lakefront
Investment Stability: Sought-after by renters for its charm and convenience
Key Investment Features
The building’s combination of quality, stability, and location set the stage for competitive bidding and a premium outcome.
Turnkey Asset: Strong in-place operations with minimal deferred maintenance
Historic Character: Classic Chicago architecture fused with modernized interiors
Consistent Occupancy: High tenant retention due to desirable layouts and neighborhood
Future Upside: Potential for incremental rent growth as the Edgewater market continues to surge
Market Strategy and Positioning
The marketing campaign for 1334-1336 W. Bryn Mawr Ave. tapped into the aspirations of both seasoned investors and new entrants eager to secure a solid foothold in Edgewater. By highlighting the building’s blend of stability and upside, and leveraging targeted outreach to well-qualified buyers, the brokerage maximized competitive interest under rapidly shifting market dynamics. Triton Realty Group’s deep local expertise and nuanced understanding of buyer psychology propelled the property to a swift, above-market close.
Frequently Asked Questions (FAQs)
The sale of 1334-1336 W. Bryn Mawr Ave. in Edgewater captured the attention of North Side multifamily investors. Here are answers to common questions:
Q: What made this property so attractive to buyers? A: Its location near Bryn Mawr’s commercial corridor and the lakefront, paired with solid in-place income, made it a rare opportunity.
Q: Were there recent upgrades or renovations? A: The building featured modernized interiors while retaining its historic Chicago charm, appealing to quality-conscious tenants.
Q: How competitive was the bidding process? A: Investor demand was robust, with multiple qualified buyers expressing interest, which ultimately drove a strong sale price.
Q: What is the outlook for multifamily assets in Edgewater? A: With rising rental demand and limited supply, Edgewater’s multifamily market is poised for continued appreciation.
Want to achieve results like this?
Contact Matthew Fritzshall at 847-778-8746 to discuss your property goals in Chicago.
