Landmark Sale: 2104-24 W. Foster Ave. 40-Unit Double Courtyard Multifamily Trades for $7M in Ravenswood
Landmark Sale: 2104-24 W. Foster Ave. 40-Unit Double Courtyard Multifamily Trades for $7M in Ravenswood
Sale at a Glance
On March 30, 2025, the 40-unit double courtyard apartment building at 2104-24 W. Foster Avenue, straddling the Ravenswood and Bowmanville neighborhoods, was sold for $7,025,000. Matthew Fritzshall of Triton Realty Group represented the recurring buyer in this standout North Side multifamily transaction. This sale highlights the enduring appeal and investment strength of well-maintained, professionally managed properties in Chicago’s most sought-after rental corridors.
Sale Details
A seamless execution in one of Chicago’s most competitive rental markets, this deal showcases trusted relationships and precision marketing.
Closing Date: March 30, 2025
Sale Price: $7,025,000
Broker: Matthew Fritzshall, Triton Realty Group
Units: 40 spacious one-bedrooms
Neighborhood: Border of Ravenswood and Bowmanville
Recurring Client: Demonstrates the power of relationships and broker expertise
Property Highlights
2104-24 W. Foster Avenue stands as a premier example of North Side multifamily excellence, offering turnkey stability and contemporary finishes.
Double Courtyard Design: Enhances natural light and provides inviting outdoor space for residents
All One-Bedroom Layouts: Spacious, modernized units ideal for today’s rental demand
Updated Kitchens: Newer cabinets, stone countertops, and stainless steel appliances throughout
14 Parking Spaces: Generates additional income and elevates tenant convenience
Professional Management: Well-maintained asset in a stable, high-demand market
Key Investment Features
A compelling mix of location, scale, and quality ensured this property’s swift absorption and premium valuation.
Prime North Side Location: Immediate access to Ravenswood and Bowmanville’s amenities, transit, and vibrant retail
High Occupancy & Demand: Consistent rental performance with minimal turnover
Revenue Diversity: Parking income supplements strong apartment rents
Low Capital Needs: Recent renovations minimize short-term expenditures
Scale & Efficiency: 40 units create operational leverage for investors seeking portfolio growth
Market Strategy and Positioning
Interra Realty’s exclusive marketing campaign spotlighted the property’s rare double courtyard layout and modern amenities, targeting investors seeking stability and scalability in a premier Chicago neighborhood. Strategic outreach to qualified repeat buyers, combined with a focus on the building’s strong management history and income diversity, created a competitive bidding environment. Triton Realty Group’s expertise in closing complex multifamily deals helped secure a swift, top-dollar sale to a recurring client, further cementing the asset’s reputation as a cornerstone of the North Side rental market.
Frequently Asked Questions (FAQs)
Interest in 2104-24 W. Foster Avenue continues to surge—here’s what investors want to know:
What distinguishes this property from other multifamily assets in Chicago? The double courtyard design, all one-bedroom layouts, and updated interiors set it apart from traditional apartment stock.
How do the modern kitchen finishes impact rental demand? Contemporary upgrades like stone countertops and stainless appliances attract discerning renters and support premium pricing.
What role does parking play in investment returns? Fourteen dedicated parking spaces provide valuable supplementary income and enhance resident satisfaction.
Is the property professionally managed? Yes, consistent professional management has ensured high occupancy and minimized maintenance issues.
Why was this asset especially attractive to recurring clients? Its proven income stream, low capital requirements, and location in a stable rental market make it a repeat investor’s ideal acquisition.
Want to achieve results like this?
Contact Matthew Fritzshall at Triton Realty Group, (847) 778 - 8746 or visit tritonrealtygroup.com to discuss your property goals in Chicago.
