🔹 JUST CLOSED – Smooth Ravenswood Transaction: 7-Unit Center-Entrance Building Sold
- Triton Realty Group
- Jun 12
- 1 min read
📍 4648-50 N. Paulina Street, Chicago, IL 60640
Triton Realty Group is pleased to announce the successful closing of 4648-50 N. Paulina Street, a seven (7) unit center entrance building located in Chicago’s highly sought-after Ravenswood neighborhood. This marks the second time Triton Realty Group has facilitated the sale of this particular building, underscoring our long-term client relationships and expertise in the Ravenswood market.
📌 Deal Highlights:
✔️Highly Competitive Sale: 23 scheduled tours and multiple offers led to an above-asking price, no-contingency closing.
✔️Value-Add Opportunity: Fully vacant with approved plans and permit for six 2 bed /2 bath apartments plus 7th unit ADU unit.
✔️Strong Investment Outlook: Projected 8.45% cap rate upon stabilization, offering robust long-term cash-on-cash returns.
These transactions underscore Triton's proven capability, built on deep market knowledge and enduring client relationships, to execute effectively across Chicago's core neighborhoods.
📈 For more information about these sales or to connect with a multi-family investment specialist, reach out today:
📞 (847) 778-8746
📞 (847) 624-6639
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