Kiser Group Brokers Four Illinois Sales Totaling $5.1 Million Including Apartment and Retail Properties on North Side, Wilmette, Berwyn and Cicero

  

4900--06 North Ridgeway Apartments, Albany Park ,IL

John Meyer

 CHICAGO, IL – Kiser Group, Chicago’s leading mid-market commercial real estate brokerage firm, recently brokered two apartment and two retail property transactions.

The January 2014 closings included two 24-unit apartment properties, one in Wilmette and the other in Chicago’s Albany Park neighborhood; and two retail buildings, one in Berwyn and the other in neighboring Cicero.

422-44 Ridge - Wilmette

Lee Kiser

Town Chalet is a 24-unit apartment complex on a 50,886-square-foot residentially zoned lot at 422-44 Ridge in Wilmette. The complex’s three buildings each include eight townhome-style, one-bedroom, one-bath apartments. The property sold for $3.2 million.

“Built in 1956, Town Chalet was still owned by the original developer so there was real pride of ownership,” said John Meyer, managing director of Kiser Group. 

He and Lee Kiser, principal of Kiser Group, represented the seller in the sale. “In addition, its below-market rents and long history of maintaining full occupancy were key selling points.”

Sean Connelly

 “This property also appealed to the buyer because of its large lot size and its highly desirable Wilmette location,” said Sean Connelly, senior managing director of Kiser Group, who represented the buyer in the sale.

  

 4900-06 N. Ridgeway – Albany Park

The 24-unit apartment building located at 4900-06 N. Ridgeway in Albany Park sold for $1.7 million.

Bill Baumann, senior managing director, and Mike Anguiano, managing director of Kiser Group, represented both the buyer and seller in the transaction.

6505 W. Ogden – Berwyn

Bill Baumann

This 5,400-square-foot retail store at 6505 W. Ogden Ave. in Berwyn sold for $175,000..

 “The key attraction to this property is its high visibility along heavily-trafficked Ogden Avenue,” said Connelly, who represented the seller along with Anguiano. “More than 25,000 vehicles per day pass by the story daily.”

5901-07 W. 35th St. – Cicero

 Offered as an estate sale, this seven-unit property at 5901-07 W. 35th St. in Cicero sold for $335,00. The retail center is 91 percent occupied by six different tenants. A $45,000 new roof was installed in November 2012. Tenants pay their own utilities.

Mike Anguiano

 “This property offers stable income for the investor,” said John Meyer, managing director, who represented both the buyer and seller in the transaction. “Most of the tenants have been located at the center for more than 10 years.”

 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, mthomton@taylorjohnson.com, 312-267-4523