7405 N. Damen Ave.: A 33-Unit Rogers Park Multifamily Trophy
7405 N. Damen Ave.: A 33-Unit Rogers Park Multifamily Trophy
Sale at a Glance
7405 N. Damen Ave. in Chicago's vibrant Rogers Park set a new standard for multifamily investment, trading hands for $4,620,000 on March 25, 2025. Orchestrated by Harrison Cohen and Matthew Fritzshall of Triton Realty Group, this 33-unit apartment building captured the imagination of investors seeking scale, stability, and location in one of Chicago's most dynamic neighborhoods. The deal stands out for its competitive pricing and the strong demand it signaled for North Side multifamily assets.
Sale Details
This multifamily transaction in Rogers Park delivered exceptional results for all parties involved.
Brokers: Harrison Cohen and Matthew Fritzshall, Triton Realty Group
Sale Price: $4,620,000
Units: 33
Asset Class: Multifamily apartment building
Neighborhood: Rogers Park, Chicago
Close Date: March 25, 2025
Property Highlights
Positioned in the heart of Rogers Park, 7405 N. Damen Ave. offers both residents and investors a compelling opportunity.
Unit Mix: Thirty-three one-bedroom apartments, each with comfortable layouts and abundant natural light
Modern Features: Select units include updated kitchens and contemporary finishes
Building Amenities: On-site parking and laundry facilities enhance tenant appeal
Energy Efficiency: The property incorporates solar electricity, contributing to lower operating costs
Prime Location: Steps from public transit, Loyola Park, local restaurants, and lakefront amenities
Key Investment Features
This sale exemplified the enduring allure of Rogers Park multifamily investments.
Consistent Occupancy: Historically strong rent rolls and tenant demand in a supply-constrained submarket
Value-Add Upside: Potential for further interior renovations to push rents and maximize returns
Stable Cash Flow: Turnkey asset with proven income and immediate scale
Neighborhood Fundamentals: Rogers Park offers a diverse renter base and proximity to both Loyola University and major employment centers
Market Strategy and Positioning
Triton Realty Group activated pent-up investor demand through a targeted marketing approach that emphasized the building’s scale, operational stability, and energy efficiency upgrades. By highlighting Rogers Park’s vibrant rental landscape and the property’s strong in-place income, the brokers generated multiple qualified offers within days of launch. Expert negotiation by Harrison Cohen and Matthew Fritzshall ensured both top-dollar pricing and a seamless closing, underscoring their ability to unlock hidden value and set new pricing benchmarks in the neighborhood.
Frequently Asked Questions (FAQs)
The sale of 7405 N. Damen Ave. drew attention from investors throughout Chicago and beyond. Here’s what buyers most wanted to know:
How many units are in the building and what is the typical layout?
The property consists of 33 one-bedroom apartments, each designed for maximum comfort and natural light.
What kind of recent upgrades or features make this asset stand out?
Select units have updated kitchens and finishes, and the building features energy-efficient solar electricity.
Why is Rogers Park considered a strong multifamily market?
Rogers Park’s diverse community, proximity to transit and the lakefront, and steady demand from students and young professionals drive consistent occupancy and rent growth.
What is the potential for value-add or rent growth?
The building offers significant upside for investors through strategic interior renovations and amenity enhancements.
Who brokered the sale and how can I reach them for similar opportunities?
The sale was brokered by Harrison Cohen and Matthew Fritzshall of Triton Realty Group.
Want to achieve results like this?
Contact Harrison Cohen at 847-624-6639 t to discuss your property goals in Rogers Park and greater Chicago.
