17-Unit Multifamily Sale in Skokie: 9012-9020 Lamon Avenue Achieves $3.02M
17-Unit Multifamily Sale in Skokie: 9012-9020 Lamon Avenue Achieves $3.02M
Sale at a Glance
The multifamily property at 9012-9020 Lamon Avenue in Skokie, Illinois, has sold for $3,020,000, reflecting the area’s growing appeal and robust demand for quality residential investments. Orchestrated by Vincent Colon, Edward Liss, Harrison Cohen, and Matthew Fritzshall of Triton Realty Group, this 17-unit asset closed on September 24, 2024. The deal stands out for its competitive pricing, expert execution, and the strategic outreach that drove buyer engagement.
Sale Details
This transaction marked a significant moment for Skokie’s multifamily market.
Brokers: Vincent Colon, Edward Liss, Harrison Cohen, and Matthew Fritzshall of Triton Realty Group
Sale Price: $3,020,000
Closing Date: September 24, 2024
Asset Type: Multifamily, 17 units
Location: 9012-9020 Lamon Avenue, Skokie, IL
Lead Generation: Cold calling and targeted email campaigns
Property Highlights
The property stands as a testament to well-maintained multifamily opportunities in one of Skokie’s most desirable neighborhoods.
Unit Count: 17 spacious residential units
Location Benefits: Situated near shops, parks, and public transportation for maximum tenant appeal
Solid Occupancy: Consistent rental history demonstrating strong income potential
Investment Grade: Larger unit mix than typical for the area, attracting both residents and investors
Key Investment Features
This asset captured attention thanks to its scale, condition, and unbeatable location.
Economies of Scale: 17 units enable operational efficiency for property management
Desirable Locale: Proximity to Dempster Street and local amenities enhances long-term value
Value-Add Potential: Opportunity for strategic upgrades to boost rents and returns
Stable Cash Flow: Proven track record of reliable income, ideal for both seasoned and new investors
Market Strategy and Positioning
Triton Realty Group’s approach was both bold and precise, leveraging cold calling and targeted email outreach to connect with motivated buyers who saw the underlying value and future upside. The brokers’ deep knowledge of Skokie’s multifamily landscape allowed them to position the asset as a prime investment, resulting in swift interest and a premium sale price. Their proactive strategy not only matched the right buyer to the property but also set a benchmark for similar assets in the market.
Frequently Asked Questions (FAQs)
This Skokie multifamily sale drew significant interest from investors and local owners alike.
Q: What makes 9012-9020 Lamon Avenue a standout investment in Skokie?
A: Its 17-unit scale, strong occupancy, and value-add potential in a sought-after neighborhood create exceptional long-term upside.
Q: How was the buyer identified for this deal?
A: The brokers employed direct cold calling and personalized email outreach to tap into a pool of engaged, qualified investors.
Q: Are there opportunities for rent growth or renovation?
A: Yes, the property offers clear potential for cosmetic upgrades that could further elevate rental income.
Q: How does this sale impact the local multifamily market?
A: This transaction sets a new standard for similar assets in Skokie, highlighting investor demand and the expertise of the brokerage team.
Q: What role did timing play in achieving the sale price?
A: Strategic marketing and timely outreach ensured the property received maximum exposure at a moment of high market activity.
Want to achieve results like this?
Contact Triton Realty Group to discuss your property goals in Skokie and beyond.
