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| 994-996 Green Bay Road – Winnetka,IL |
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| 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.
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| 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.”
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| 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.
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| 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.
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| 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 – 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.”
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| 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
