Saturday, November 23, 2013

Kiser Group Brokers Sales for Two Apartment Buildings and One Mixed-Use Property in Metro Chicago, IL

1230--1244 Carol, Park Ridge, IL

CHICAGO, IL – Kiser Group, Chicago’s leading mid-market commercial real estate brokerage firm, recently brokered two apartment sales and one mixed-use property transaction – a 52-unit property in Park Ridge, a 15-unit mixed-use building in Portage Park, and a six-unit building in Rogers Park.

John Meyer
1230-1244 Carol – Park Ridge

 The 52-unit brick apartment complex located at 1230-1244 Carol in Park Ridge sold for $4.45 million. The unit mix includes one- and two two-bedroom units, each with one bath.

 “This property provides solid, stable returns and has been extremely well-maintained,” said John Meyer, managing director of Kiser Group, who represented buyer and seller in the sale. “The surrounding neighborhood is quiet and tends to attract renters that stay for a long time.” 

Brian Semel
4209 Milwaukee -- Portage Park

 This 15-unit mixed-use property at 4209 Milwaukee includes five storefronts along a bustling city street with 10 apartments located directly above the commercial spaces. Located in Chicago’s Portage Park neighborhood, it sold for $815,000. The unit mix includes five retail spaces, five one-bedroom, one-bath residential units and five studio apartments.

“This building attracts retailers that serve the needs of the neighborhood,” said Brian Semel, senior managing director of Kiser Group, who represented buyer and seller in the sale. “The high visibility along heavily trafficked Milwaukee Avenue also appeals to these retailers.”
Mike Anguiano

 “Residents of this building enjoy the convenient location,” added Mike Anguiano, managing director of Kiser Group, who also represented buyer and seller in the sale. “They can get on the Milwaukee Avenue bus right outside their door.”

1431 West Howard, Rogers Park

Located at 1431 W. Howard in Chicago’s Rogers Park neighborhood, this center-entrance six-flat sold for $605,000. It includes two-bedroom, one-bath apartments. The property also includes a four-car parking garage.

4209 Milwaukee, Portage Park, IL
 “This recently improved six-flat consistently maintains a high occupancy rate because of its location,” said Mike Anguiano, managing director of Kiser Group, who represented the seller in the sale. “It’s a five minute walk to the Purple Line ‘L’ stop at Howard Street, and it’s only a few blocks from Lake Michigan.”

 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:

Mark Thomton

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