🔹 JUST CLOSED – 12 Unit Corner Belmont Cragin Apartment Building

Triton Realty Group
Jul 30
1 min read

📍 3036-3044 N. Lockwood Ave, Chicago, IL 60641

Triton Realty Group is pleased to announce the closing of 3036-3044 N. Lockwood, a 12-unit apartment corner apartment building located in the Belmont Cragin neighborhood. This closing involved a smooth transaction for a seller who had inherited the property from his father and was ready to sell.

📌 Deal Highlights:

✔️ Diverse Unit Mix: The property features a desirable mix of unit types, including: (4) Studio apartments, (6) one-bedroom apartments, and (2) two-bedroom apartments.

✔️ Value-Add Opportunity in Existing Condition: This acquisition presents a compelling opportunity to enhance value through strategic upgrades and management efficiencies, even in its current condition.

✔️ Seller's Smooth Transition: We were able to assist and divest an inherited asset, providing expert guidance and a quick close.

The transaction highlights the continued demand for well-located multi-family properties in Chicago's core neighborhoods. Triton's proven capability, built on deep market knowledge and enduring client relationships allows us to execute effectively across Chicago's core neighborhoods and the surrounding suburbs.