In 2009, Triton's President, Matthew A. Fritzshall cataloged every apartment and mixed-use building in Logan Square with 6 apartments or more. On foot and with an old paper map in hand, he began researching and contacting every property owner in the neighborhood. At that time, investment properties were trading for approximately $40,000-$60,000 per unit, if a buyer had capital to close.
Fast forward 16 years later, Fritzshall is still working the same neighborhood and facilitated the sale of this L-shaped yellow brick beauty for $242,857 per unit. Times change (no more paper maps), but well located investment real estate in Logan Square is still getting better with time.
This is Triton Realty Group's 20+ transaction with their amazing seller client. Congrats to our buyer who added an excellent addition to his portfolio and everyone else that made this deal close!
📈 Deal Highlights:
✔ 14 apartments in an excellent Logan Square pocket.
✔ Large layout 4-room and 5-room apartments allowing for unit type conversion to add value.
✔ Capital improvements include select updated common areas, apartments, windows, and masonry.
For additional information on this transaction please contact:
Matthew A. Fritzshall
📞 (847) 778-8746
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