Triton Realty Group LLC, led by President Matthew A. Fritzshall, successfully closed the sale at 1456 N. Maplewood. The property's cost efficiency and potential for income growth, compared to current renovation costs, provided strong appeal for this asset. At Triton we are seeing some buyer’s acquisition criteria increasingly focused on replacement costs and maximizing value in current conditions.
📈 Deal Highlights:
✔ Fully stabilized, renovated ~10 years ago with copper plumbing, updated electric, porches, windows, and separate tenant-paid utilities
✔ 9 apartments: 2-bedroom and 3-bedroom unit type mix
✔ Potential for rent growth at market prices
Explore all of Triton's on market listings here: ⬇
For additional information on this sale or to learn more about our off market opportunities contact:
Matthew A. Fritzshall
📞 (847) 778-8746
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