Multifamily Sale in Avondale: 4121 W. Henderson St. Closes at $940,000
Multifamily Sale in Avondale: 4121 W. Henderson St. Closes at $940,000
Sale at a Glance
In the heart of Avondale, 4121 W. Henderson St. stands as a testament to Chicago’s thriving multifamily investment market. This four-unit property, expertly brokered by Matthew Fritzshall and Harrison Cohen, achieved a final sale price of $940,000 on July 12, 2023. The transaction—secured via referral—showcases the enduring appeal of well-positioned vintage assets in one of the city’s most dynamic neighborhoods.
Sale Details
A seamless deal process and strategic representation underscored this multifamily sale.
Brokers: Matthew Fritzshall and Harrison Cohen
Neighborhood: Avondale, Chicago
Units: 4
Final Sale Price: $940,000
Closed Date: July 12, 2023
Asset Class: Multifamily
Referral Transaction: Closed through agent referral
Property Highlights
This classic 1920s-era building offers both historic charm and contemporary investment opportunity.
Size: Approximately 3,974 sq. ft. across four spacious units
Vintage Construction: Built in the 1920s, blending original character with modern updates
Flexible Layouts: Mix of large units ideal for families or shared living
Prime Location: Walkable Avondale address with close access to transit, dining, and nightlife
Key Investment Features
4121 W. Henderson St. attracted strong investor interest thanks to its rare combination of scale, location, and upside.
Turnkey Asset: Ready-to-rent with stable cash flow potential
Strong Rental Demand: Sought-after neighborhood with enduring tenant appeal
Historic Value: Potential for long-term appreciation in a rapidly growing area
Low Inventory: Few comparable four-flats available in Avondale at this price point
Market Strategy and Positioning
This transaction was a masterclass in timing and targeted outreach. Leveraging deep market knowledge, the brokers positioned the property to highlight its vintage appeal, strong tenancy profile, and irreplaceable location. A focused marketing campaign, combined with the power of referral networking, ignited qualified buyer interest and ensured a swift, competitive closing—underscoring the brokers’ reputation for results in Chicago’s multifamily arena.
Frequently Asked Questions (FAQs)
4121 W. Henderson St. drew attention from investors seeking stability and future growth in Avondale. Here’s what buyers often want to know:
What makes Avondale attractive for multifamily investment? Avondale’s combination of rising rents, eclectic amenities, and strong tenant demand makes it one of Chicago’s top growth markets.
How large are the units in this building? The property’s four units offer generous layouts, with a total building area of approximately 3,974 square feet.
Was the property updated or renovated recently? While the building retains its original charm, select updates have been done over the years to enhance livability and market appeal.
How competitive is the multifamily market in this neighborhood? Four-unit buildings in Avondale rarely come to market, leading to intense competition and strong closing prices for quality assets.
What type of buyer acquired the property? The transaction was completed via referral, reflecting robust interest from local and regional investors seeking stable, income-producing properties.
Want to achieve results like this?
Contact Matthew Fritzshall or Harrison Cohen to discuss your property goals in Chicago
