21-Unit Multifamily in Rogers Park at
6932-34 N Lakewood Ave
21-Unit Multifamily in Rogers Park
Sale at a Glance
The Morse Lakewood, an elegant 21-unit multifamily property located at 6932-34 N. Lakewood Ave. and 1301-07 W. Morse Ave. in the heart of Rogers Park, recently sold for $3,280,000. Triton Realty Group’s Harrison Cohen and Matthew Fritzshall brokered the transaction, reinforcing the property’s legacy as a sought-after community for families, students, and professionals. With a diverse mix of one-, two-, and three-bedroom units, the building offers a vibrant living environment steps from Loyola University and area amenities.
Sale Details
This multifamily sale captured the attention of investors and locals alike for its scale and location.
Sale Price: $3,280,000
Number of Units: 21
Asset Class: Multifamily
Brokers: Harrison Cohen & Matthew Fritzshall, Triton Realty Group
Neighborhood: Rogers Park, Chicago
Property Highlights
The Morse Lakewood stands out as a community-focused asset with a blend of comfort, convenience, and style.
Variety of Units: One-, two-, and three-bedroom configurations to suit families, students, and roommates.
Outdoor Living Spaces: Covered decks and green areas provide residents with beautiful spaces to relax and gather.
Gated Reserved Parking: Secure, private parking enhances the resident experience.
Community Feel: A close-knit atmosphere encourages neighborly connections.
Proximity to Loyola University: Ideal for students seeking a short commute.
Key Investment Features
This Rogers Park gem drew strong investor interest for its enduring value and lifestyle appeal.
Prime University Access: Walking distance to Loyola University, attracting stable rental demand.
Appealing Amenities: Gated parking, green space, and outdoor decks elevate the lifestyle proposition.
Established Neighborhood: Surrounded by Becovic Neighborhood Partners and local conveniences.
Diverse Tenant Base: Flexible layouts support a range of resident types, from students to families.
Market Strategy and Positioning
Triton Realty Group positioned The Morse Lakewood as a turnkey investment with broad appeal, leveraging its proximity to Loyola University and vibrant neighborhood culture. The brokers highlighted the unique mix of floorplans and outdoor amenities in targeted marketing campaigns, drawing both private and institutional interest. Strategic pricing and outreach contributed to a competitive sales process and an impressive closing price that reflects the property’s quality and Rogers Park’s continued growth as a rental destination.
Frequently Asked Questions (FAQs)
This transaction showcases the enduring desirability of well-located, amenity-rich multifamily assets in Rogers Park.
Q: What makes The Morse Lakewood attractive to investors?
A: Its location near Loyola University, diverse unit mix, and strong community amenities drive robust rental demand and long-term value.
Q: How do the outdoor amenities impact resident appeal?
A: Covered decks and green spaces foster a sense of community and provide valuable private outdoor living, which is highly sought after.
Q: Are there nearby conveniences for residents?
A: The building is surrounded by local shops, cafes, and transportation options, enhancing daily convenience for tenants.
Q: Who typically rents at The Morse Lakewood?
A: The property attracts students, families, and professionals seeking quality housing in a vibrant urban neighborhood.
Q: How did the brokers achieve such a strong sale price?
A: By leveraging the property’s unique features, targeting the right buyer pool, and emphasizing its value in marketing efforts.
Want to achieve results like this?
Contact Harrison Cohen at 847-624-6639 to discuss your property goals in Chicago’s Rogers Park.
