Exceptional Multifamily Sale in Edgewater: 5534-48 N Winthrop Avenue, Chicago
Exceptional Multifamily Sale in Edgewater: 5534-48 North Winthrop Avenue, Chicago
Sale at a Glance
In the heart of Chicago’s vibrant Edgewater neighborhood, Triton Realty Group’s Matthew Fritzshall orchestrated the successful sale of a 25-unit multifamily building at 5534-48 North Winthrop Avenue. Closed on July 31, 2019, this transaction achieved a sale price of $5,050,000—an outstanding result for an existing client. The property stands out for its prime location, solid unit mix, and enduring appeal in one of Chicago’s most desirable areas.
Sale Details
This multifamily asset’s sale reflects high demand and expert execution.
Broker: Triton Realty Group, Matthew Fritzshall
Closing Date: July 31, 2019
Sale Price: $5,050,000
Units: 25
Neighborhood: Edgewater, Chicago
Client Relationship: Existing client
Property Highlights
The building’s features and neighborhood context made it a compelling investment.
Prime Location: Situated in lively Edgewater, offering access to the lakefront, transit, and amenities.
Solid Unit Count: 25 residential units, appealing to both investors and residents.
Multifamily Asset: Stable asset class in a high-demand rental corridor.
Key Investment Features
Strategic positioning and asset fundamentals drove buyer interest.
Desirable Neighborhood: Edgewater’s continued growth and diverse tenant base.
Strong Rent Potential: Multifamily demand and unit mix support robust income streams.
Turnkey Opportunity: Property’s condition and market position offered immediate value.
Market Strategy and Positioning
This sale was powered by a tailored marketing approach, leveraging Triton Realty Group’s deep neighborhood expertise and established client relationships. The asset was positioned as a rare opportunity in Edgewater’s competitive multifamily market, attracting attention from both local and regional investors. Broker insight into the area’s trends, combined with strategic pricing and targeted outreach, ensured a swift, high-value closing—demonstrating the power of trusted relationships and forward-looking marketing.
Frequently Asked Questions (FAQs)
This Edgewater multifamily sale stands out for its scale and neighborhood appeal.
Q: What makes Edgewater attractive for multifamily investment?
A: Edgewater combines strong rental demand, access to transit and the lakefront, and a diverse, stable tenant population.
Q: How many units are in the property, and what’s the typical configuration?
A: The building features 25 units, offering variety and scale for investors.
Q: Who brokered the sale?
A: Matthew Fritzshall of Triton Realty Group represented the transaction.
Q: What was the sale price and closing date?
A: The property sold for $5,050,000 on July 31, 2019.
Q: Was this an existing client of the brokerage?
A: Yes, the seller was an existing client, highlighting Triton Realty Group’s ongoing trusted relationships.
Want to achieve results like this?
Contact Matthew Fritzshall at 847-778-8746 to discuss your property goals in Chicago.
