Off-Market Multifamily Gem: 2000 W. Fargo Ave & 7416-7436 N. Damen Ave, Chicago
Off-Market Multifamily Gem: 2000 W. Fargo Ave & 7416-7436 N. Damen Ave, Chicago
Sale at a Glance
This Rogers Park multifamily sale stands out as a beacon for investors with vision. The portfolio, comprising 43 units at 2000 W. Fargo Ave and 7416-7436 N. Damen Ave, closed on March 25, 2023 for $6,160,000. Orchestrated by Harrison Cohen and Matthew Fritzshall of Triton Realty Group, the deal was part of a larger off-market transaction that captured the market’s appetite for scale, stability, and value-add upside in a neighborhood on the rise.
Sale Details
The sale reflects the unique confluence of timing, expertise, and market demand in Chicago’s North Side.
Price: $6,160,000
Close Date: March 25, 2025
Asset Class: Multifamily (43 units)
Brokers: Harrison Cohen & Matthew Fritzshall, Triton Realty Group
Transaction Structure: Off-market, part of a larger 115-unit portfolio
Occupancy: 100% at time of sale
Property Highlights
This Rogers Park multifamily cluster is perfectly positioned for both immediate income and future growth.
Unit Mix: 43 well-maintained apartments across three contiguous buildings
Neighborhood: Steps from Howard CTA, walkable to shopping and dining on Clark and Howard Streets
Construction: Classic Chicago architecture, built in 1929, with thoughtful updates
Renovations: Select units feature modernized kitchens and baths
Appeal: Attracts stable, long-term tenants drawn to Rogers Park’s vibrancy
Key Investment Features
The transaction unlocks powerful economies of scale and long-term revenue potential.
Immediate Scale: Rare opportunity to acquire 43 units on the same block
Stability: 100% occupancy at closing underscores tenant demand
Value-Add Upside: Potential for further unit renovations and rent growth
Neighborhood Fundamentals: Rogers Park remains a magnet for both renters and investors, with robust transportation and retail options
Portfolio Play: Buying multiple contiguous assets delivers operational efficiencies
Market Strategy and Positioning
This deal was driven by a strategic off-market approach, leveraging deep local connections and market knowledge. By uniting seller and buyer goals, the brokers created a seamless transaction that capitalized on decades of ownership and positioned the buyer for long-term success. Timing was critical; strong submarket demand enabled a premium price and full occupancy at close. The result is a win-win scenario—legacy value realized for the seller, and immediate scale with future upside for the buyer.
Frequently Asked Questions (FAQs)
This Rogers Park multifamily deal speaks to the neighborhood’s enduring appeal and investment strength.
Q: What made this sale unique in the Rogers Park market?
A: The ability to acquire 43 units in contiguous buildings off-market is a rare opportunity, delivering instant scale and operational leverage.
Q: Were the properties fully leased at the time of sale?
A: Yes, all units were 100% occupied, providing immediate and stable cash flow for the new owner.
Q: What drew investors to this location?
A: Proximity to the Howard CTA station, walkability to neighborhood retail, and Rogers Park’s diverse, thriving community.
Q: Is there value-add potential?
A: Absolutely—select units have already been renovated, but further upgrades can unlock substantial rent growth.
Q: Who represented the transaction?
A: Harrison Cohen and Matthew Fritzshall of Triton Realty Group led the deal, representing both sides with deep market expertise.
Want to achieve results like this?
Contact Harrison Cohen at 847-624-6639 to discuss your property goals in Chicago’s North Side.
