Corner-Lot Classic: 6300-6308 N. Lakewood Ave. | 1302-1308 W. Rosemont Ave., Chicago, IL 60660
Sale at a Glance
In February 2026, Triton Realty Group successfully closed the $4,200,000 sale of 6300-6308 N. Lakewood Ave. and 1302-1308 W. Rosemont Ave., an 18-unit vintage brick walk-up situated on a prime corner lot in Chicago’s Edgewater neighborhood. This exclusive off-market transaction marked the end of over 60 years of family ownership and the continuation of a long-standing investment partnership, as Matthew Fritzshall represented the buyer—his repeat client of more than 30 successful closings. The sale highlights the enduring strength of Edgewater multifamily assets, particularly those combining generational care with clear value-add opportunity.
Sale Details
A rare generational asset in a high-demand lakefront submarket, this transaction exemplified discretion and precision.
Final Sale Price: $4,200,000
Sale Date: February 23, 2026
Brokerage: Triton Realty Group
Lead Broker: Matthew Fritzshall (Founder & Managing Principal)
Transaction Type: Off-market
Residential Units: 18
Ownership History: Same family ownership for 60+ years
Property Highlights
This stately corner-lot building blends timeless Chicago architecture with steady operational history.
Classic vintage brick walk-up with strong curb appeal
Prominent corner exposure offering natural light and visibility
Fantastic unit mix of one-, two-, and three-bedroom apartments
Units updated at varying times over the past 15 years
Very good overall building condition
Long-term pride of ownership evident throughout
Key Investment Features
This acquisition provides both stability and measurable upside in one of Chicago’s most reliable rental corridors.
Below-Market Rents: Immediate value-add opportunity through rent alignment to current market levels
Strong Unit Mix: Broad tenant appeal with one-, two-, and three-bedroom layouts
Generational Sale: Rare opportunity to acquire a building held for more than six decades
Stabilized Operations: Well-maintained asset with consistent historical performance
Prime Edgewater Location: Continued demand driven by proximity to the lakefront, transit, and neighborhood amenities
Market Strategy and Positioning
Triton Realty Group’s role in this transaction was rooted in relationship capital and disciplined execution. Having completed over 30 transactions with this repeat buyer, Matthew Fritzshall leveraged deep trust and market insight to secure this exclusive off-market opportunity.
While the parties initially aimed to close by year-end 2025, they ultimately agreed that a standard timeline would ensure a smooth and thorough process. The transaction closed in just over 60 days, reflecting strong coordination, experienced ownership on both sides, and strategic alignment from contract to closing.
Frequently Asked Questions (FAQs)
Q: What made this transaction unique?
A: The property had been owned by the same family for over 60 years, making it a rare generational sale. Additionally, the deal was completed off-market through trusted relationships.
Q: Was the closing process complex?
A: No. While there was early discussion about an expedited year-end closing, the parties opted for a traditional 60+ day timeline, resulting in a smooth execution.
Q: Where is the value-add opportunity?
A: In-place rents were below market, providing the new owner with a clear path to increase revenue through strategic rent adjustments over time.
Q: How significant was the repeat-client relationship?
A: This marks over 30 completed transactions between Matthew Fritzshall and the buyer, demonstrating a long-standing strategic partnership built on trust and consistent results.
Q: Why is Edgewater a compelling investment market?
A: Edgewater’s proximity to Lake Michigan, public transit, and vibrant neighborhood retail continues to drive strong tenant demand and long-term appreciation potential.
Want to achieve results like this?
Contact Triton’s Founder & Managing Principal Matthew Fritzshall at (847) 778-8746 or mattf@tritonrealtygroup.com to discuss your multifamily investment goals in Chicago.
