Unknown Acquires Chicago Property At 4911 N Whipple St For $3.25 Million With Seller's Rep Matthew Fritzshall

The property involved in the transaction is a 25-unit apartment building located at 4911 N Whipple St, Chicago, IL, 60625. The asset sold for $3,250,000, representing a $130,000 price per unit. Built in 1927, the courtyard-style apartment building features one-, two-, and three-bedroom layouts and is situated along the edge of the Chicago River in the Albany Park neighborhood.

Summary of transaction details:

• Property Type: Apartment Building
• Transaction Amount: $3,250,000.00
• Address: 4911 N Whipple St, Chicago, IL, 60625
• Market: Chicago
• Seller's Representative: Matthew "Matt" Fritzshall, Triton Realty Group
• Buyer: Unknown
• Seller: Unknown
• Square Footage: 0

Matthew A. Fritzshall, president and managing broker of Triton Realty Group, acted as the sole broker in this transaction, highlighting the opportunity for the buyer to expand in their target submarket and the potential for value addition through future renovations. The transaction also allowed the owner to divest a long-term investment.