9-Unit Multifamily Sale in the Heart of Portage Park, Chicago
9-Unit Multifamily Sale in the Heart of Portage Park, Chicago
Sale at a Glance
Matthew Fritzshall and Harrison Cohen of Triton Realty orchestrated the $1,145,000 sale of a mixed-use portfolio at 4009-4011 N. Lockwood Ave. and 5254-5258 W. Irving Park Rd. in Chicago’s vibrant Portage Park neighborhood. This nine-unit multifamily asset drew strong investor interest due to its location and stability, ultimately delivering exceptional value for an existing client. The transaction solidifies Triton Realty’s reputation for delivering results in Northwest Chicago’s competitive apartment market.
Sale Details
This multifamily transaction showcased the strength and appeal of Portage Park’s rental market.
Brokers: Matthew Fritzshall and Harrison Cohen, Triton Realty
Sale Price: $1,145,000
Number of Units: 9
Location: 4009-4011 N. Lockwood Ave. & 5254-5258 W. Irving Park Rd., Chicago, IL
Asset Class: Multifamily
Client Relationship: Existing client
Property Highlights
A prime investment opportunity with a blend of residential stability and upside potential.
Desirable Unit Mix: Nine apartments offering a balanced mix for steady rental income
Prime Portage Park Location: Accessible to transit, amenities, and strong neighborhood demand
Portfolio Offering: Two adjacent addresses packaged together for operational efficiency
Established Tenancy: Consistent rental history, minimizing vacancy risk
Key Investment Features
This property stood out as a secure and scalable investment in one of Chicago’s most sought-after neighborhoods.
Strong Occupancy: Historically low vacancy rates
Value-Add Opportunity: Potential for future rent growth and strategic improvements
Efficient Management: Portfolio structure simplifies oversight and maximizes returns
Market Strategy and Positioning
Triton Realty leveraged deep neighborhood expertise and an existing client relationship to position the asset for maximum exposure and competitive bidding. By highlighting the property’s stability and the strength of Portage Park’s rental market, the team attracted a targeted pool of investors. The seamless process and expert negotiation delivered a swift closing and strong outcome for the seller.
Frequently Asked Questions (FAQs)
This Portage Park multifamily sale captured the attention of investors seeking stability and upside in Chicago’s Northwest Side.
Q: What makes Portage Park attractive for multifamily investors?
A: Portage Park offers a mix of stable tenant demand, convenient city access, and a vibrant local community, driving consistent rental performance.
Q: How many units are included in this sale?
A: The portfolio includes a total of nine multifamily units across two adjacent addresses.
Q: What kind of investors typically pursue assets like this?
A: Both seasoned and first-time multifamily investors are drawn to properties with established income and future value-add potential in neighborhoods like Portage Park.
Q: What was unique about this transaction?
A: The deal involved a portfolio of buildings with an existing client, demonstrating trust and long-term brokerage relationships.
Q: Who represented the seller in this sale?
A: Matthew Fritzshall and Harrison Cohen of Triton Realty were the exclusive listing brokers.
Want to achieve results like this?
Contact Triton Realty to discuss your property goals in Chicago’s Northwest neighborhoods.
