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