4118 W Cullom Ave, Chicago, IL 60641, USA

Triumph in Irving Park: 4-Unit Value-Add Multifamily Sale at 4118 W Cullom Avenue

Triumph in Irving Park: 4-Unit Value-Add Multifamily Sale at 4118 W Cullom Avenue

Sale at a Glance

4118 West Cullom Avenue, a classic 4-unit multifamily property in the heart of Irving Park, Chicago, changed hands on September 18, 2026. Triton Realty Group’s Matthew Fritzshall, Harrison Cohen, and lead broker Luke Wojcik guided the transaction to a successful $315,000 close, overcoming notable financing hurdles. This sale stands out as a true value-add opportunity, going to a local owner/operator eager to realize the building’s untapped potential.

Sale Details

This transaction is a testament to perseverance and market savvy in Chicago’s competitive multifamily sector.

Sale Price: $315,000
Closing Date: September 18, 2026
Brokers: Matthew Fritzshall, Harrison Cohen, Luke Wojcik (Triton Realty Group)
Asset Type: 4-unit multifamily
Buyer: Local owner/operator
Neighborhood: Irving Park

Property Highlights

A building defined by its character and potential, 4118 W Cullom offers a canvas for transformation.

Unit Mix: Two 1-bedroom apartments and two studio units
Year Built: 1905
Square Footage: Approximately 2,700 rentable square feet
Classic Chicago Architecture: Brick construction, vintage details
Desirable Location: Steps from public transit, parks, and Irving Park amenities

Key Investment Features

This property’s story is one of opportunity and vision—perfect for buyers looking to unlock value in a thriving neighborhood.

Value-Add Upside: Underutilized rents and units primed for renovation
Strong Local Demand: Multifamily housing in Irving Park remains highly sought-after
Flexible Layouts: Ideal for repositioning or market-rate upgrades
Historic Appeal: A chance to blend modern finishes with classic Chicago charm

Market Strategy and Positioning

The sale of 4118 W Cullom Avenue was anything but straightforward. Previously under contract, the deal had fallen apart due to financing challenges. When Triton Realty Group returned to the market, lead broker Luke Wojcik demonstrated tireless commitment—navigating sellers through uncertainty, re-engaging qualified buyers, and ensuring the property’s value-add narrative resonated with the right audience. Strategic marketing and expert negotiation ultimately delivered a successful close, moving the asset into the hands of a local operator ready to realize its future promise.

Frequently Asked Questions (FAQs)

This transaction at 4118 W Cullom Avenue has piqued the curiosity of local investors and owners alike.

What’s the unit mix at 4118 W Cullom? Two one-bedroom apartments and two studio units, offering flexible rental options.
Why was this property considered a value-add? The building featured under-market rents and units in need of renovation, presenting significant upside for a hands-on investor.
How did Triton Realty Group overcome previous deal obstacles? After a prior contract failed due to financing issues, the team leveraged market expertise and persistence to identify a qualified, local owner/operator.
Is Irving Park a strong market for multifamily investment? Yes—Irving Park’s combination of transit access, neighborhood amenities, and classic housing stock make it a perennial favorite among investors.
What makes 4118 W Cullom stand out in the area? Its classic brick façade, versatile layouts, and potential for modernization set it apart from standard rental offerings.