Transformative Sale of a Classic Albany Park Corner | 12-Unit Apartment Building Achieves $1.38M
Sale at a Glance
An inspiring chapter unfolded in Chicago’s Albany Park as 4458 N. St. Louis Ave. | 3501-3507 W. Sunnyside Ave. changed hands on July 14, 2022, for $1,380,000. Guided by the vision and expertise of Matthew Fritzshall, President & Founder of Triton Realty Group, this 12-unit apartment building captured the essence of opportunity—inviting investors to shape its future. The sale stands out for its seamless transition from a long-term family owner to new stewardship, all set in one of Chicago’s most sought-after corners.
Sale Details
A cornerstone transaction in Albany Park, this deal brought together legacy, opportunity, and skilled brokerage.
Sale Price: $1,380,000
Date of Sale: July 14, 2022
Units: 12
Broker: Matthew Fritzshall, President & Founder, Triton Realty Group
Seller Background: Property passed to the owner’s wife after a long-term owner’s passing; the family sought retirement and a new chapter
Relationship: Decade-long direct outreach by broker paved the way for a trusted sale
Property Highlights
This classic corner building pulses with the potential to shape the neighborhood’s next chapter.
Prime Location: Situated at a vibrant corner in Albany Park, a magnet for renters and investors alike
Add-Value Upside: Opportunity to reconfigure units and renovate interiors for enhanced returns
Legacy Ownership: Rarely available, long-held property—first time on the market in years
Strong Curb Appeal: Stately brick facade and prominent corner presence
Key Investment Features
Investors are drawn to this address for more than just its walls—it’s a canvas for future growth.
Flexible Unit Mix: Twelve units with options for reconfiguration to suit market demand
Renovation Potential: Ability to update apartments over time and elevate NOI
Location Premium: Albany Park’s ongoing revitalization promises sustained tenant demand
Corner Visibility: High foot traffic and exposure enhance long-term value
Market Strategy and Positioning
Positioned as a rare opportunity for add-value investors, this property was introduced to the market after years of nurturing a relationship with the seller. The broker’s persistent, respectful outreach over more than a decade ensured trust in a sensitive family transition. The property’s story and potential were spotlighted to a targeted buyer pool, leveraging its legacy status and the promise of revitalization in a vibrant Chicago neighborhood. Ultimately, the property’s narrative and intrinsic value resonated, leading to a successful closing that set a benchmark for similar assets in Albany Park.
Frequently Asked Questions (FAQs)
This Albany Park multifamily sale sparked curiosity among local investors and residents alike.
Q: What makes the corner of St. Louis & Sunnyside unique for multifamily investment?
A: Its high visibility, walkability, and strong neighborhood demand make it a perennial favorite for both tenants and value-focused investors.
Q: Was the building fully occupied at the time of sale?
A: The property was marketed with the potential for unit updates and reconfiguration, appealing to buyers seeking upside.
Q: Why did the seller decide to bring the property to market?
A: After the long-term owner’s passing, the family chose to sell as the widow prepared for retirement and preferred to pass stewardship to a new generation.
Q: What types of renovations could boost future returns?
A: Upgrading apartment interiors, modernizing unit layouts, and enhancing common areas are among the most impactful value-add strategies.
Q: How did broker outreach impact the sale?
A: The broker’s decade-long, relationship-driven approach ensured a smooth, trusted transaction when the family was ready.
Want to achieve results like this?
Contact Matthew Fritzshall at Triton Realty Group to discuss your property goals in Chicago’s North Side.
