Monday, December 2, 2013

Kiser Group Retained to Sell Two Apartment and Four Mixed-Use Properties in Chicago, IL Area


994-996 Green Bay Road – Winnetka,IL


John Meyer
CHICAGO, IL (Dec.  2, 2013) – Kiser Group, Chicago’s leading mid-market commercial real estate brokerage firm, has been retained for six new listings across Chicagoland.

The two apartment listings include a 70-unit, two-building complex in Mundelein and a five-unit, three-flat plus coach house in Chicago’s Humboldt Park neighborhood.

The four mixed-use apartment/retail properties include an eight-unit building in downtown Winnetka; a 23-unit, two-building property in Oak Park adjacent to Oak Park River Forest High School; an 18-unit corner building in downtown Arlington Heights; and a 12-unit building along Chicago’s Devon Avenue.

Embassy Apartments, 40--42 South Shaddle
 Mundelein, IL

40-42 S. Shaddle – Mundelein,IL

Listed for $5 million and located at 40-42 S. Shaddle, Embassy Apartments includes two identical 35-unit buildings for a total of 70 apartments with 137 parking spaces on a four-acre parcel. 

The unit mix includes 64 two-bedroom, 1½-bath units, four one-bedroom, one-bath apartments and two studios. The two-bedroom units contain approximately 1,000 square feet.

 “Embassy Apartments provides stable income,” said John Meyer, managing director of Kiser Group, who is marketing the listing. “It consistently maintains 100 percent occupancy because of its proximity to numerous large employers like Westfield Hawthorn Mall and CDW.”
                                     
Brian Mond
994-996 Green Bay Road – Winnetka,IL

 Listed for $3 million, 994-996 Green Bay Road includes six two-bedroom, one-bath apartments and two ground-level retail spaces. The 1,000-square-foot apartments have been fully occupied for many years. Capital improvements include the installation of a new boiler in late 2012 and significant porch renovations in 2008.

 “The chance to invest in downtown Winnetka is quite rare,” said Meyer, who is listing the property. “With its unique Tudor-style architecture, spacious units and upscale location, this property will keep rising in value, allowing the investor to raise rents over time.”

300-312 Madison – Oak Park, IL

Listed for $2.7 million, 300-312 Madison consists of two fully-leased buildings totaling 18 apartments and five commercial spaces at the northwest corner of Cuyler and Madison.

Lee Kiser
15 N. Vail – Arlington Heights, IL

This 18-unit mixed-use building at the corner of Vail and Davis in downtown Arlington Heights is listed for $2.65 million.

The three-story brick building includes 16 one-bedroom, one-bath apartments and two commercial spaces that have been leased to restaurants since 2008. The property includes a full basement level with additional storage areas and a laundry room with owned machines.

 “With below market rents, 15 N. Vail has a lot of upside potential,” said Brian Mond, managing director of Kiser Group, who is marketing the property along with Lee Kiser, principal of Kiser Group.

Brian Semel
“The building attracts commuters because it’s across the street from the Metra Union Pacific/Northwest Line Arlington Heights station. Renters can also walk to boutique retail stores and restaurants in the surrounding area.”

1539 W. Devon – Chicago, IL

 1539 W. Devon is a fully occupied 14-unit SRO property made up of 12 residential units and two commercial spaces. Listed at $525,000.

1651 North Francisco -- Chicago, IL

 1651 N. Francisco is a five-unit walk up building and coach house in Humboldt Park listed for $550,000.

"The recent rehab of units and tenant-paid utilities makes this a high-quality building in a quickly appreciating area,” said Brian Semel, senior managing director of Kiser, who is marketing the property. “An investor can expect to see a 12.5 percent cash-on-cash return by the end of the first year.”

Sean Connelly
 “The duplex potential in the front unit brings automatic upside to the investment,” added Sean Connelly, senior managing director of Kiser Group, who is also marketing the property. “Its location three blocks south of Bloomingdale Trail also appeals to renters.”

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

Mark Thomton
312-267-4523


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