Swift 6-Unit Multifamily Sale in North Park: 5134 N. Kimball Ave. Achieves $750,000

Swift 6-Unit Multifamily Sale in North Park: 5134 N. Kimball Ave. Achieves $750,000

Sale at a Glance

In the vibrant North Park neighborhood of Chicago, 5134 N. Kimball Ave. emerged as a standout low-rise multifamily property, closing on July 18, 2025 for $750,000. Brokers Matthew Fritzshall and Harrison Cohen orchestrated this six-unit garden-style transaction, leveraging targeted cold calling to awaken buyer interest. The sale underscores both the enduring appeal of North Park and the power of proactive brokerage in a dynamic market.

Sale Details

A seamless six-unit trade, this property captured investor attention with its classic charm and strategic location.

• Sale Price: $750,000 

• Closing Date: July 18, 2025 

• Brokers: Matthew Fritzshall and Harrison Cohen 

• Property Type: Multifamily, Low-Rise/Garden 

• Neighborhood: North Park, Chicago 

• Number of Units: 6 

• Lead Generation: Cold calling campaign

  
  

Property Highlights

This garden-style building offers immediate scale and long-term stability for multifamily investors seeking value in Chicago’s North Park.

• Classic Architecture: Low-rise brick construction seamlessly blends with the neighborhood’s historic aesthetic 

• Efficient Unit Mix: Six well-proportioned apartments deliver consistent occupancy and income 

• Desirable Community: Located in North Park, known for its tree-lined streets, walkability, and access to parks and transit 

• Investment Flexibility: Ideal for both seasoned operators and first-time multifamily buyers 

• Strong Rental Demand: The area’s popularity with renters ensures minimal vacancy risk

  
  

Key Investment Features

This asset stood out for its value-add potential and its location in a rapidly appreciating corridor.

• Stabilized Cash Flow: Six income-producing units with potential for rent growth 

• Underserved Product Type: Few comparable garden-style assets trade in this submarket 

• Attractive Price Per Unit: Delivers favorable entry point relative to area comps 

• Future Upside: Opportunity for light renovations and enhanced leasing strategies

  
  

Market Strategy and Positioning

5134 N. Kimball Ave. was brought to market through a bold, targeted cold calling campaign, reaching a curated pool of active multifamily investors. The brokers’ proactive outreach bypassed traditional listing fatigue, creating urgency and unlocking hidden buyer demand. Their local expertise and boots-on-the-ground knowledge of North Park ensured the property’s unique value was fully realized, leading to a swift and successful close at favorable terms.

Frequently Asked Questions (FAQs)

This North Park multifamily sale drew considerable attention—here’s what investors have asked:

• What made 5134 N. Kimball Ave. attractive to buyers?

  Its six-unit size, garden-style layout, and location in a high-demand rental corridor made it an ideal acquisition for investors seeking dependable cash flow and future appreciation.

• How was the buyer identified? 

  The buyer was sourced directly through a focused cold calling effort, demonstrating the effectiveness of proactive brokerage outreach.

• Is North Park a strong multifamily market? 

  Yes, North Park is known for its stability, diverse tenant base, and continued rental demand, making it a prime area for multifamily investment.

• Were there any renovation opportunities? 

  While the property was well maintained, there remains upside potential through unit upgrades and strategic repositioning.

• How quickly did the property sell after marketing began? 

  The transaction moved rapidly, thanks to targeted marketing and the brokers’ hands-on approach.

Want to achieve results like this?

Contact Harrison Cohen at 847-624-6639 to discuss your multifamily property goals in Chicago’s North Park.