Triton Realty brokers sale of multifamily properties in Avondale and University Village
Triton Realty Group, a privately held boutique multi-family brokerage firm located in Chicago has a sold a pair of apartment buildings, including one in the Avondale neighborhood and another on University of Illinois at Chicago’s campus.
3755-57 W. Addison Street | 3549-53 N. Hamlin Avenue – Avondale, Chicago
Built in 1920, the 16-unit apartment building features 10 two-bedroom one-bathroom units and six (6) one-bedroom one-bathroom units. 15 of the 16 units have recessed brick balconies. The property has separate heat and electric and all major base building work is in good condition.
The Avondale neighborhood has seen tremendous growth and development in recent years. The buyer was attracted to a rare opportunity to acquire a well-located asset in Avondale with the ability to add significant value through cosmetic updates. The property is situated in a quiet residential block with easy access to public transportation and the I-90/94 expressway. The Addison CTA Blue Line Station is a four-minute walk and the Kennedy Expressway is located less than 0.2 miles from the property providing easy access to the city and suburbs. President, Matthew A. Fritzshall and Vice President, Harrison Cohen facilitated the sale for the private owner to a local private entity for an undisclosed price.
911-13 S. Miller Street – Little Italy/University Village, Chicago
Fritzshall also facilitated the sale of a six-unit apartment building in a prime location in the Little Italy/University Village neighborhood of Chicago. Situated walking distance to the University of Illinois at Chicago’s campus the buyer plans to create value through updating the apartments’ kitchens and bathrooms and potentially adding two additional garden units. Little Italy/University Village crystallizes the legacy of Chicago’s Italian-American history, with homes, restaurants, and shops that have been part of the community for generations.
The property is within walking distance of many shops and restaurants, near several bus routes, the CTA’s UIC-Halsted Blue Line stop, and the Western Avenue stop of Metra’s Burlington Northern-Santa Fe (BNSF) commuter train. 911-13 S. Miller also offers easy access to downtown Chicago via the Eisenhower Expressway. The property was built 1890 and traded for $1,360,000 which is $226,666 price per unit.