🔹 JUST CLOSED – Chicago Fire Damaged Building to Rise Again: A Complex North Park Transaction
- Triton Realty Group
- Aug 1
- 1 min read
📍 5134 N. Kimball, Chicago, IL 60625
Triton Realty Group is proud to announce the successful closing of 5134 N. Kimball, a 6 unit center entrance apartment building. After a devastating fire, this family-owned building, a neighborhood fixture for over 50 years, presented a unique and complex opportunity. In a highly competitive multiple-offer situation, our team was able to secure this property and assist the long-time owners in moving on to their next chapter.
📌 Deal Highlights:
✔️ A Phoenix Rising from the Ashes: Originally designed by the esteemed architect Maurice L. W. Bein in the 1920s, this historic building, despite the fire damage, holds immense potential. This architectural gem will be brought back to life, honoring its rich history while building its future.
✔️ Competitive Market Success: Navigating a multiple-offer scenario, we leveraged our deep market expertise and strong relationships to achieve a successful outcome.
✔️ Assisting a Legacy Transition: We provided expert guidance to a family selling a building they had owned for decades, ensuring a smooth transition during a challenging time.
This transaction underscores the resilient demand for multi-family properties in Chicago's diverse neighborhoods and our ability to handle even the most complex transactions with professionalism and care. Triton Realty Group is committed to helping clients achieve their goals, whether it’s acquiring a value-add property, divesting a long-held family asset or obtaining maximum value for a renovated stabilized asset.
📈 For more information about this transaction or to connect with a multi-family investment specialist, reach out today:
Matthew A. Fritzshall
📞 (847) 778-8746
Harrison Cohen
📞 (847) 624-6639