Dual Six-Unit Multifamily Sales in Irving Park: Exceptional Results for Repeat Clients
Dual Six-Unit Multifamily Sales in Irving Park: Exceptional Results for Repeat Clients
Sale at a Glance
In the heart of Chicago’s vibrant Irving Park, two neighboring six-unit multifamily buildings—3917-19 North Kedzie Avenue and 3926 North Monticello Avenue—were successfully transacted by Matthew Fritzshall and Harrison Cohen of Triton Realty Group. Both properties were sold to trusted, existing clients who are active investors in the area. The transactions underscore the strength of long-term relationships and the surging demand for well-maintained multifamily assets in this dynamic neighborhood.
Sale Details
Both properties delivered standout results for all parties involved, reflecting the value of strategic guidance and local expertise.
Addresses: 3917-19 North Kedzie Avenue & 3926 North Monticello Avenue, Chicago, IL 60618
Sale Prices: $1,925,000 (Kedzie) & $1,250,000 (Monticello)
Brokers: Matthew Fritzshall & Harrison Cohen, Triton Realty Group
Asset Class: Multifamily, six units each
Client Profile: Both buyer and seller are established, repeat clients
Property Highlights
Each building offers a compelling mix of scale, location, and stability that speaks to Chicago’s enduring multifamily appeal.
Unit Mix: Six units per property, enabling operational efficiency and attractive cash flow
Location: Both assets are located in Irving Park, a neighborhood known for its accessibility, strong rental demand, and community charm
Condition: Well-maintained structures with proven rental histories
Neighborhood Growth: Strong fundamentals with ongoing investment and revitalization in the Irving Park area
Key Investment Features
These properties were prime acquisitions for investors seeking reliable performance in a maturing submarket.
Repeat Client Focus: The transactions leveraged existing relationships, ensuring a seamless process for both sides
Turnkey Opportunity: Immediate income potential with stable tenant bases
Market Resilience: Multifamily assets in Irving Park continue to outperform, driven by tenant demand and limited supply
Value Preservation: Both properties offer long-term value with the flexibility for future upgrades and appreciation
Market Strategy and Positioning
By harnessing deep local market knowledge and nurturing relationships with active investors, Triton Realty Group positioned both assets for immediate uptake. The strategy focused on matching high-quality properties with the right buyers from their established network, streamlining negotiations and minimizing downtime. In a competitive environment, their ability to deliver for repeat clients demonstrates the power of trust and foresight—securing not just a sale, but a foundation for future growth.
Frequently Asked Questions (FAQs)
Two premier multifamily buildings in Irving Park have changed hands, marking a milestone for both the neighborhood and the clients involved.
Q: Why are six-unit buildings in Irving Park so attractive to investors?
A: These mid-sized assets offer a balance of manageable scale and strong rental demand, making them ideal for both new and seasoned investors seeking reliable returns.
Q: How did the existing client relationship impact the sales process?
A: Working with repeat clients enabled a smoother transaction, faster due diligence, and a level of trust that benefited all parties.
Q: What makes Irving Park a compelling location for multifamily investment?
A: The neighborhood’s connectivity, vibrant community, and ongoing revitalization efforts drive strong tenant interest and long-term value growth.
Q: Were there any unique challenges or advantages in selling two buildings to the same client group?
A: Coordinating dual transactions allowed for efficient deal structuring, aligning timelines and expectations for both the buyer and seller.
Q: What should future sellers in Irving Park consider to maximize value?
A: Partnering with a brokerage that has deep local expertise and an established investor network can unlock off-market opportunities and optimize pricing.
Want to achieve results like this?
Contact Harrison Cohen at 847-624-6639 to discuss your property goals in Chicago.
