3901 W Belden Ave, Chicago, IL 60647, USA

Turnkey 9-Unit Multifamily Gem Sold in the Heart of Logan Square

Turnkey 9-Unit Multifamily Gem Sold in the Heart of Logan Square

Sale at a Glance

In July 2026, Triton Realty Group’s Luke Wojcik and Alex Summers orchestrated the successful sale of a professionally managed 9-unit brick multifamily building at 3901 W. Belden Ave., nestled in Chicago’s vibrant Logan Square. Commanding a final sale price of $1,750,000, this asset exemplified both stability and future upside, attracting attention from seasoned investors seeking prime multifamily opportunities in one of the city’s most dynamic neighborhoods. The transaction stands out for its seamless execution and the property’s rare combination of unit mix and location.

Sale Details

This transaction showcases how expert brokerage and market insight unlock value for existing clients in core Chicago submarkets.

Brokerage: Triton Realty Group, represented by Luke Wojcik and Alex Summers
Closed Date: July 29, 2026
Sale Price: $1,750,000
Asset Type: Multifamily (9 units)
Neighborhood: Logan Square
Lead Source: Existing client relationship

Property Highlights

Standing tall on a corner lot, the building offers an ideal mix of spacious layouts and classic Chicago charm.

Unit Mix: Consists of (2) 3-bedroom/1-bathroom apartments and (7) 2-bedroom/1-bathroom units
Professional Management: Maintained by professional management, ensuring consistent cash flow and minimal deferred maintenance
Bright, Comfortable Living: Updated kitchens, sunrooms, and abundant natural light in select units
Prime Location: Steps from Logan Square’s thriving dining, retail, and transit options
Curb Appeal: Solid brick construction and inviting architecture, blending seamlessly with the neighborhood’s historic fabric

Key Investment Features

This property’s fundamentals and positioning ignited investor interest and delivered an attractive outcome for the seller.

Consistent Occupancy: Historically high demand due to favorable unit mix and location
Turnkey Condition: Minimal capex required, allowing immediate income realization
Strong Renter Demographics: Appeals to young professionals and families drawn to Logan Square’s energy
Upside Potential: Opportunity for future rent growth and value-add enhancements
Cash Flow Stability: Reliable income stream with proven operational performance

Market Strategy and Positioning

The marketing campaign harnessed the momentum of the Logan Square multifamily market, highlighting the property’s turnkey condition and rare unit mix. Triton Realty Group leveraged its deep local relationships, connecting with qualified investors poised to act swiftly. Strategic pricing and professional presentation positioned the asset as a best-in-class offering, resulting in a competitive sale process that maximized proceeds for the client. The team’s nuanced understanding of Chicago’s evolving rental landscape was instrumental in achieving a premium result.

Frequently Asked Questions (FAQs)

This sale in Logan Square generated strong interest and some recurring questions from the investment community:

What differentiates 3901 W. Belden Ave. from other nearby assets? Its combination of large three-bedroom layouts, professional management, and exceptional location set it apart in a supply-constrained submarket.
Was the property fully occupied at the time of sale? The building maintained high occupancy leading up to closing, reinforcing its stability and rentability.
What types of tenants are typically attracted to this property? Young professionals, small families, and long-term renters who value walkability and access to Logan Square’s amenities are the primary residents.
Is there potential to increase rents or add value? With select cosmetic updates and strategic repositioning, there is opportunity to capture further rent growth as the neighborhood continues to flourish.
How did the existing client relationship influence the sale? The seller’s prior connection with the brokerage enab