Multifamily Sale in Logan Square: 3572-74 W Cortland Street Achieves $1.76M
Multifamily Sale in Logan Square: 3572-74 W Cortland Street Achieves $1.76M
Sale at a Glance
In January 2025, a prime nine-unit apartment building in the heart of Logan Square, Chicago, was successfully sold for $1,755,000. Alex Summers of Triton Realty Group represented the transaction, which stands out for its excellent positioning and competitive price in one of Chicago's most dynamic neighborhoods. This sale highlights strong investor demand and the ongoing allure of Logan Square’s walkable, transit-rich environment.
Sale Details
This multifamily asset drew significant interest from investors seeking stable income and long-term appreciation.
Sale Price: $1,755,000
Date Closed: January 22, 2025
Broker: Alex Summers, Triton Realty Group
Location: Logan Square, Chicago
Total Units: 9 apartment units
Property Highlights
This classic Chicago building offers a blend of character and modern convenience, making it a standout in the market.
Prime Location: Situated in vibrant Logan Square, steps from local dining, shopping, and transit options
Solid Construction: Traditional brick exterior with historic architectural details
Unit Mix: Nine spacious apartment units designed for both comfort and efficiency
Neighborhood Appeal: Walkable to parks, schools, and cultural attractions
Key Investment Features
The property’s fundamentals and neighborhood energy created significant upside for the buyer.
Consistent Occupancy: Strong rental demand and stable occupancy rates
Value-Add Potential: Opportunity for cosmetic renovations and rent growth in an appreciating corridor
Transit Access: Close proximity to major CTA lines and expressways
Growing Market: Logan Square’s continued development and rising property values
Market Strategy and Positioning
Alex Summers and Triton Realty Group crafted a forward-thinking marketing campaign that tapped into investor desire for stable, well-located multifamily assets in Chicago’s core neighborhoods. By highlighting the building’s inherent value and the vibrant lifestyle offered by Logan Square, the team generated competitive interest that resulted in an efficient, above-average sale. Expert negotiation and precise buyer targeting ensured a smooth transaction that exceeded client expectations.
Frequently Asked Questions (FAQs)
This sale exemplifies the high demand for multifamily properties in Logan Square. Here are answers to common questions about the building and transaction:
Q: What makes Logan Square attractive for multifamily investors?
A: Logan Square offers a blend of urban energy, access to public transit, and an ever-evolving dining and arts scene, driving strong tenant demand and rental growth.
Q: Were the units fully leased at the time of sale?
A: The property boasted high occupancy, reflecting the area’s popularity and tenant retention.
Q: What types of renovations could increase future value?
A: Cosmetic upgrades to kitchens, baths, and common areas, along with energy efficiency improvements, offer immediate upside.
Q: How does this sale price compare to other neighborhood transactions?
A: The $1.76M price reflects both the building’s quality and the upward trajectory of Logan Square’s multifamily market.
Q: Who should consider investing in similar assets?
A: Investors seeking stable income, long-term appreciation, and a stake in one of Chicago’s most dynamic neighborhoods will find opportunities in properties like this.
Want to achieve results like this?
Contact Alex Summers at Triton Realty Group to discuss your property goals in Chicago.
