Boutique Multifamily Success in Lincoln Square: 4711 N Artesian Ave Sells
Boutique Multifamily Success in Lincoln Square: 4711 N Artesian Ave Sells
Sale at a Glance
4711 N Artesian Ave, a classic multifamily building nestled in the heart of Lincoln Square, achieved a successful sale at $720,000 on August 13, 2018. Represented by Ed Liss of Triton Realty Group, this four-unit property drew investor attention for its blend of vintage charm and income potential in one of Chicago’s most beloved neighborhoods. The transaction stands out for its swift execution and the building’s strong location appeal.
Sale Details
A well-appointed multifamily asset, 4711 N Artesian Ave offered a compelling investment in Lincoln Square.
Broker: Ed Liss, Triton Realty Group
Sale Price: $720,000
Closing Date: August 13, 2018
Asset Type: 4-unit multifamily building
Neighborhood: Lincoln Square
Property Highlights
This classic Chicago brick building offered a rare combination of character and steady returns.
Unit Mix: 4 residential units, with a total of 8 bedrooms and 4 bathrooms
Square Footage: Approximately 2,880 sq ft
Vintage Appeal: Built in the early 1900s, blending historic detail with functional layouts
Prime Location: Steps from Lincoln Square’s dining, shopping, and transit options
Key Investment Features
Investors recognized several core strengths that positioned 4711 N Artesian Ave as a standout acquisition.
Desirable Neighborhood: Lincoln Square’s enduring popularity ensures strong rental demand
Potential for Value-Add: Opportunity for future upgrades and rent growth
Proven Income: Historically stable occupancy and rental income
Transit-Friendly: Convenient access to CTA Brown Line and major bus routes
Market Strategy and Positioning
Triton Realty Group’s marketing strategy focused on the building’s irreplaceable Lincoln Square location and solid income profile, targeting both local and out-of-state investors eager for Chicago multifamily opportunities. By highlighting the stability and upside potential, the team captured hidden desires in buyers seeking both cash flow and long-term appreciation. A professional presentation and strategic pricing generated significant interest, resulting in a swift and seamless transaction that reflects the ongoing demand for boutique apartment assets in this vibrant neighborhood.
Frequently Asked Questions (FAQs)
4711 N Artesian Ave’s sale underscores the continued appeal of classic multifamily in Lincoln Square.
What made this property unique among Lincoln Square multifamily buildings? Its combination of vintage architecture, unit mix, and proximity to the square set it apart in a highly walkable location.
How quickly did the property sell after listing? The building attracted immediate interest and sold in just over two weeks, reflecting strong investor demand.
What types of tenants are typically drawn to this location? Young professionals, families, and long-term renters are attracted by the neighborhood’s amenities and transit access.
Was there potential for renovation or value-add? Yes, investors noted the opportunity to upgrade interiors and increase rents over time.
How does Lincoln Square’s rental market impact investment returns? Consistent demand and limited inventory contribute to stable occupancy and rental growth.
Want to achieve results like this?
Contact Edward Liss to discuss your property goals in Chicago.
