Lakeview Multifamily Sale: Triton Realty Group Brokers $4M Transaction at 3751-53 N. Marshfield Ave. | 1623-35 W. Grace, Chicago

Lakeview Multifamily Sale: Triton Realty Group Brokers $4M Transaction at 3751-53 N. Marshfield Ave. | 1623-35 W. Grace, Chicago

Sale at a Glance

In the heart of Chicago’s vibrant Lakeview neighborhood, Triton Realty Group’s Matthew Fritzshall and Harrison Cohen orchestrated the $4,000,000 sale of a 13-unit multifamily property spanning two addresses: 3751-53 N. Marshfield Ave. and 1623-35 W. Grace. Closed on August 26, 2026, this transaction stands out for its strategic matchmaking between an existing client and a discerning repeat buyer, achieving the seller’s target price despite a challenging sales environment. The brokers’ patience and deal-making acumen set this sale apart in a competitive multifamily market.

Sale Details

This multifamily asset in Lakeview drew significant attention thanks to its scale and location.

Closing Date: August 26, 2026
Sale Price: $4,000,000
Broker Representation: Matthew Fritzshall and Harrison Cohen, Triton Realty Group
Units Sold: 13
Asset Type: Multifamily
Buyer Relationship: Repeat client of the brokers
Seller Profile: Existing client with complex property needs

Property Highlights

Set across two prominent Lakeview addresses, the property offered investors a compelling blend of stability and upside.

Prime Location: Situated in the sought-after Lakeview neighborhood, near schools, shops, and transit
Portfolio-Scale Opportunity: 13 units across adjoining buildings, ideal for investors seeking scale in a core Chicago submarket
Appealing Layouts: Multiple entrances and classic Chicago architecture attract stable, long-term tenants
Value-Add Potential: The buildings presented a clear path for upgrades and rental growth

Key Investment Features

The transaction attracted competitive attention due to several standout attributes.

Desirable Neighborhood: Lakeview’s strong rental demand and appreciation history
Stabilized Asset: Consistent occupancy with operational upside
Repeat Buyer Engagement: Broker relationships leveraged to secure a qualified, motivated purchaser
Complex Deal Navigation: Handled sale intricacies, ensuring a smooth closing at the seller’s desired price

Market Strategy and Positioning

Triton Realty Group approached the sale with a vision rooted in patience and precision. Rather than rushing to market or accepting early lowball offers, the brokers curated a targeted campaign for buyers who could recognize and act on the property’s untapped potential. Their deep network brought in a repeat client who understood the upside, allowing the team to navigate complications and close at the ideal price. This strategy proved that, in a nuanced multifamily landscape, expertise and relationship-driven marketing can unlock hidden value and maximize returns.

Client Testimonial

“Selling 1623-25 W. Grace and 3751-53 N. Marshfield wasn't a straightforward deal. It was a property that took the right buyer to see what was there, and it would have been easy for Matt Fritzshall and Harrison Cohen to push me toward a lowball offer just to get something done. They didn't. They stayed patient and held out for the right buyer instead.

Matt and Harrison represented both sides of the transaction, bringing in a repeat client of theirs who understood the opportunity the property represented and was qualified to close. That relationship, and their willingness to wait for the right buyer rather than the first buyer, is what kept the deal moving through the complications instead of letting them kill it. In the end, we closed at the price I wanted.

I'd recommend Matt and Harrison to any owner with a property that isn't a clean, easy sale. They know how to work through the complications, and they know how to find the buyer who actually sees and is willing to pay for the upside.”

-Seller, Mark Reiter

Frequently Asked Questions (FAQs)

This Lakeview multifamily sale sparked interest among investors and owners seeking similar results. Here are answers to common questions:

What makes Lakeview a sought-after neighborhood for multifamily investments? Lakeview boasts strong rental demand, excellent transit options, and a vibrant community atmosphere, supporting stable occupancy and rent growth.
How did Triton Realty Group secure the right buyer for this property? By leveraging long-term relationships and deep market knowledge, the brokers identified a repeat client with the vision and resources to close successfully.
Was the property fully leased at the time of sale? The property maintained consistent occupancy, providing a stable foundation for the buyer and immediate cash flow potential.
What kind of buyer was attracted to this opportunity? The sale appealed to an experienced investor seeking scale, upside, and a foothold in a core Chicago neighborhood.
How did the brokers overcome challenges during the transaction? Patience, strategic negotiation, and a network-driven approach enabled the team to navigate complexities and deliver the seller’s desired result.