Triton Realty Group is pleased to announce the successful sale of 1301-07 W. Morse, a 20-unit apartment building at Morse & Lakewood in Rogers Park—one of Chicago’s most stable rental markets, where 72% of residents are renters and new developments are scarce.
The property features (7) 2-bedroom and (13) 1-bedroom units, with 15 recently renovated to include modern kitchens, bathrooms, lighting, and drywall. Capital improvements include separate HVAC systems, all-copper plumbing, updated electric with in-unit panels, and a full permit for renovated garden units.
Triton’s Matthew A. Fritzshall and Harrison Cohen represented the seller and Harrison secured a buyer who saw the value in the upgrades, strong rental demand, and limited competition. Congrats to our seller and buyer clients and everyone involved in this successful transaction!
📈Deal Highlights:
✔ Situated at the corner of Morse & Lakewood Ave., this 20-unit apartment building benefits from Rogers Park’s strong rental market, where 72% of residents are renters and new market-rate developments are scarce.
✔ 15 of the 20 units were modernized with new kitchens, bathrooms, lighting, and drywall, while the remaining units retain their well-maintained vintage charm. Capital improvements include separate HVAC systems, all-copper plumbing, updated electric with in-unit panels, and a full permit for renovated garden units.
✔ With a steady demand for rentals and limited new development in the area, the buyer recognized the value of this stabilized asset, securing another strong addition to their portfolio.
For additional information on this transaction please contact Triton brokers:
Matthew A. Fritzshall
📞 (847) 778-8746
Harrison Cohen
📞 (847) 624-6639
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