Saturday, October 12, 2013

Kiser Group Brokers Four Chicago Apartment Property Sales

  
4014-22 W. Melrose apartments, northwest Chicago, IL

  
Sean Connelly
CHICAGO, IL – Kiser Group, Chicago’s leading mid-market commercial real estate brokerage firm, brokered four Chicago apartment property transactions in September 2013 – a 14-unit property in Humboldt Park, a five-unit three-flat plus coach house in Lakeview, a 32-unit building in Old Irving Park, and a 35-unit building in Rogers Park.

Brian Mond
 1713-15 N. Humboldt

 The property located at 1713-15 N. Humboldt consists of two adjacent apartment buildings with a total of 14 units. It sold for $1.93 million, and it includes a mix of two- and three-bedroom units with one bath. Recent renovations include new kitchens, baths and HVAC system.

 “The massive capital improvements to this property provide great rental upside,” said Sean Connelly, senior managing director of Kiser Group, who represented buyer and seller in the sale. “The apartments also range from 975 to 1,200 square feet, offering the spaciousness that’s highly sought after in the Humboldt Park neighborhood.”

Mike Anguiano
3437 N. Paulina

  Located in Chicago’s trendy Lakeview neighborhood, this five-unit property at 3437 N. Paulina consists of a brick three-flat plus a coach house. It sold for $1.08 million. The unit mix includes two three-bedroom, two-bath units, two two-bedroom, one-bath units and a one-bedroom unit.

 “Location was a key selling point,” said Brian Mond, managing director of Kiser Group, who represented the seller in the sale. “It’s just half a block from the renovated Brown Line Paulina ‘L’ Stop, so there’s always steady rental interest from professionals that work downtown.”
  
Brian Semel
“The coach house’s rehab earlier this year also added to its appeal,” noted Matt Jones, managing director of Kiser Group, who represented the buyer in the transaction.

4014-22 W. Melrose
                                              
Located at 4014-22 W. Melrose on Chicago’s Northwest Side, this property contains 32 units, including 14 two-bedroom, one-bath apartments, 12 one-bedroom, one-bath units, and six studios. It sold for $1.88 million.

7522 West Greenview, Chicago, IL
 “A large, stabilized courtyard building in Old Irving Park is rarely available,” said Mike Anguiano, managing director of Kiser Group, who represented the seller in the sale. “It sold in only 28 days.”

“Location was also attractive to the buyer,” said Brian Semel, senior managing director of Kiser Group, who represented the buyer in the sale. “Its proximity to the Blue Line ‘L’ and the Kennedy Expressway provides easy access to both downtown and the suburbs.”

3437 North Paulina apartments
Chicago, IL
7522 W. Greenview

  The 35-unit apartment building located at 7522 N. Greenview in ethnically diverse East Rogers Park sold for $2.4 million. It includes 14 studios, 13 one-bedroom, one-bath apartments; seven two-bedroom, 1½ bath units; and one three-bedroom, two-bath unit. The property also offers 25 parking spots.

“Location, parking and recently renovated units were key selling points of this property,” said Semel, who represented the buyer as well as the seller, MK Asset Management, in the transaction. “The property is just blocks from Lake Michigan beaches and the Red Line ‘L’.”

All the names of buyers and sellers involved in these transactions are not available at this time.

 For a complete copy of the company’s news release, please contact:

Kathryn Kjarsgaard
312-267-4528


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