Landmark Sale of Webster Square Apartments in Lincoln Park: 558 W. Webster Ave. Sets New Benchmark
Sale at a Glance
Webster Square, a crown jewel in Chicago’s coveted Lincoln Park, changed hands on October 15, 2025, in a deal that redefines mixed-use investment in the city. Triton Realty Group’s Matthew Fritzshall and Harrison Cohen orchestrated the $35,750,000 sale, representing both BEAL Properties (buyer) and Sandz Development (seller). This 75-unit apartment and 4-unit retail asset anchors the vibrant intersection of Webster, Lincoln, and Geneva, directly across from Oz Park. The transaction illuminates the enduring allure of luxury living and dynamic urban retail in one of Chicago’s most desirable neighborhoods.
Sale Details
The sale of Webster Square stands as a masterstroke in Chicago multifamily and retail investment, drawing spotlight for its scale and location.
Closing Date: October 15, 2025
Sale Price: $35,750,000
Represented By: Triton Realty Group (Matthew Fritzshall, President & Founder; Harrison Cohen, SVP & Principal)
Buyer: BEAL Properties
Seller: Sandz Development
Composition: 75 apartments, 4 ground-floor commercial spaces
Property Highlights
Webster Square’s transformation from the former Lincoln Park Hospital site to a high-end residential and retail destination sets it apart in the Chicago market.
Prime Location: Sits at the crossroads of Webster Ave, Lincoln Ave, and Geneva Terrace, steps from Oz Park and the heart of Lincoln Park.
Apartment Features: Residences offer air conditioning, in-unit laundry, stainless steel appliances, granite countertops, hardwood and tile flooring, vaulted ceilings, and sweeping skyline views.
Accessibility: Wheelchair-accessible units and modern elevator access throughout.
On-Site Amenities: Fitness center, roof terrace, sundeck, business center, gameroom, bicycle storage, grilling stations, clubhouse, and on-site retail.
Community Vision: Part of a master-planned redevelopment including condos, single-family homes, and curated retail.
Key Investment Features
Webster Square is a rare convergence of luxury, scale, and location, engineered for long-term value and vibrant community life.
Mixed-Use Demand: 75 luxury apartments paired with 4 highly-visible retail spaces cater to both residential and commercial demand in Lincoln Park.
Redevelopment Pedigree: Built on the site of the former Lincoln Park Hospital, the property embodies adaptive reuse and forward-thinking urban design.
Rental Appeal: Premium finishes and extensive amenities drive strong tenant retention and premium rents.
Neighborhood Identity: The property’s integration into the broader Webster Square community ensures lasting value and neighborhood cachet.
Market Strategy and Positioning
Positioned at the intersection of history and modernity, Webster Square was marketed as the heartbeat of Lincoln Park’s next generation. Triton Realty Group leveraged the site’s storied past and unrivaled location, spotlighting its blend of luxury living and community energy. The team’s deep-rooted relationships and acute sense of timing attracted a diverse pool of buyers, culminating in a swift and competitive process. This sale showcases how expert brokerage and visionary redevelopment can awaken a property’s full potential, setting a new standard for mixed-use assets in Chicago.
Frequently Asked Questions (FAQs)
This sale of Webster Square captures the imagination of investors and residents alike—here’s what you need to know:
Q: What makes the location of 558 W. Webster Ave. so unique?
A: Webster Square is situated at a dynamic three-way intersection in Lincoln Park, offering walkable access to Oz Park, boutique retail, dining, and the city’s top schools.
Q: How does the property balance residential and retail uses?
A: With 75 high-end apartments above four street-level commercial spaces, the building creates a seamless blend of private living and vibrant retail activity.
Q: What distinguishes Webster Square’s amenities from other Lincoln Park apartments?
A: Residents enjoy an unmatched suite of amenities, including a roof terrace, sundeck, fitness center, business center, and more, encouraging an active, connected lifestyle.
Q: How did the redevelopment history influence the value?
A: Transforming the iconic Lincoln Park Hospital site into a thriving residential and retail hub not only preserved neighborhood character but also elevated long-term investment value.
Q: Who were the key players in the transaction?
A: Triton Realty Group’s Matthew Fritzshall and Harrison Cohen represented both sides, with BEAL Properties acquiring the asset from Sandz Development.
Want to achieve results like this?
Contact Triton Realty Group at 312-788-9379 to discuss your property goals in Chicago’s Lincoln Park or across the city.
