Visionary Multifamily Sale in Andersonville: 1334-36 W Bryn Mawr Avenue Achieves $1.075M
Visionary Multifamily Sale in Andersonville: 1334-36 W Bryn Mawr Avenue Achieves $1.075M
Sale at a Glance
In the heart of vibrant Andersonville, 1334-36 West Bryn Mawr Avenue stood as an exceptional multifamily opportunity that captured the attention of discerning investors. This seven-unit property, brokered by Matthew Fritzshall of Triton Realty Group, closed for $1,075,000 on July 1, 2019. The transaction showcased both the enduring appeal of Chicago’s North Side neighborhoods and the expertise required to unlock hidden value in a competitive market.
Sale Details
A successful close in a coveted Chicago neighborhood, this multifamily deal set a new benchmark for the area.
Broker: Matthew Fritzshall, Triton Realty Group
Sale Price: $1,075,000
Closing Date: July 1, 2019
Asset Type: Multifamily
Units: 7
Location: Andersonville, Chicago
Property Highlights
1334-36 West Bryn Mawr Avenue offered an ideal blend of classic Chicago architecture and prime location, appealing to investors seeking both stability and upside.
Desirable Neighborhood: Positioned in Andersonville, known for its vibrant culture and strong rental demand.
Efficient Unit Mix: Seven well-configured apartments catering to a diverse tenant base.
Attractive Curb Appeal: Maintained façade and period details that resonate with renters seeking character and charm.
Proximity to Transit: Steps from CTA Red Line and major bus routes, driving sustained occupancy.
Key Investment Features
This multifamily asset stood out for its potential to drive long-term value and generate strong returns in a sought-after enclave.
Strong Occupancy History: Consistent rental performance, anchored by the neighborhood’s popularity.
Value-Add Potential: Opportunity for strategic renovations or re-positioning to boost cash flow.
Stable Income Stream: Reliable tenant profile and market-driven rents.
Walkable Amenities: Surrounded by shopping, dining, and nightlife, enhancing tenant retention.
Market Strategy and Positioning
Matthew Fritzshall and Triton Realty Group crafted a visionary marketing strategy that harnessed Andersonville’s magnetic appeal and the property’s inherent strengths. By targeting investors attracted to North Side stability and highlighting the asset’s value-add upside, the team generated significant interest and competitive offers. Through expert deal navigation and timing, they achieved a premium result for the seller while affirming their reputation for unlocking hidden desires in the multifamily marketplace.
Frequently Asked Questions (FAQs)
This Andersonville multifamily sale drew significant interest from local and out-of-state investors. Here are some of the most common questions:
What made 1334-36 W Bryn Mawr Avenue especially desirable for investors?
Its rare combination of classic Chicago architecture, stable income, and walkable location in Andersonville set it apart.
Were there opportunities to increase the property’s value post-sale?
Yes, investors saw potential for renovations and rental increases aligned with market trends.
How did the Andersonville location impact the sale?
The neighborhood’s vibrant energy and high demand for rentals ensured strong interest and robust pricing.
What was the buyer profile for this property?
The asset attracted experienced multifamily investors seeking stable returns with upside potential.
Why did the seller choose Triton Realty Group?
Triton’s proven expertise in Chicago’s multifamily market and tailored marketing approach delivered the best possible outcome.
Want to achieve results like this?
Contact Matthew Fritzshall at 847-778-8746 to discuss your property goals in Chicago.
