Transformative Multifamily Sale: 2857 N Ridgeway Ave, Logan Square
Transformative Multifamily Sale: 2857 N Ridgeway Ave, Logan Square
Sale at a Glance
In the vibrant heart of Logan Square, 2857 N Ridgeway Ave became the stage for a multifamily success story. Orchestrated by Triton Realty Group’s Matthew Fritzshall, this seven-unit property sold for $900,000, closing on December 19, 2019. The transaction, notable for its strong price point and seamless execution, reflects the ongoing demand for well-placed multifamily assets in one of Chicago’s most dynamic neighborhoods. Powered by an existing client relationship, this sale underscores the value of deep market knowledge and trust.
Sale Details
A multifamily gem delivered exceptional value and results for all parties involved.
Broker: Matthew Fritzshall, Triton Realty Group
Sale Price: $900,000
Closed Date: December 19, 2019
Units: 7
Neighborhood: Logan Square, Chicago
Property Highlights
This Logan Square building stood out in a market hungry for stable, income-producing assets.
Desirable Unit Count: 7-unit configuration appeals to both seasoned and first-time multifamily investors.
Prime Location: Steps from the energy and culture of Logan Square, with easy access to public transit and amenities.
Established Tenancy: The property’s scale and location support high occupancy and consistent cash flow.
Key Investment Features
The sale of 2857 N Ridgeway Ave captured the imagination of investors seeking opportunity and growth.
Multifamily Asset Class: Offers diversification and resilience in a rapidly appreciating submarket.
Existing Client Relationship: A testament to the power of proven performance and trusted advisory.
Strong Market Fundamentals: Logan Square’s ongoing evolution makes it a magnet for both renters and buyers.
Market Strategy and Positioning
The marketing approach for 2857 N Ridgeway Ave was fueled by an intimate understanding of both the property and the neighborhood. Leveraging an existing client relationship, the sale process was targeted, swift, and strategically positioned to maximize exposure among qualified buyers. The broker's expertise in the local multifamily market—paired with Logan Square’s enduring appeal—ensured a result that exceeded expectations and set the stage for future growth.
Frequently Asked Questions (FAQs)
Investors are drawn to the unique blend of stability and upside at 2857 N Ridgeway Ave. Here’s what you need to know:
What made 2857 N Ridgeway Ave a standout investment in Logan Square? Its seven-unit footprint, prime location, and established rental history made it highly attractive in a competitive market.
How did the sale price compare to similar properties in the area? This property achieved a robust price, reflecting both the quality of the asset and the strength of Logan Square’s multifamily demand.
Why are multifamily buildings in Logan Square so sought after? The neighborhood offers a mix of culture, transit access, and ongoing development, making it a perennial favorite for investors and tenants alike.
Was the building fully leased at sale? The property’s scale and location support high occupancy, contributing to its appeal as a stabilized asset.
How did Triton Realty Group add value to the deal? Matthew Fritzshall’s market insight and established client relationship enabled a streamlined process and optimal outcome.
Want to achieve results like this?
Contact Matthew Fritzshall at 847-778-8746 to discuss your property goals in Chicago.
