Sunday, March 22, 2015

Kiser Institutional Group Retained to Sell 5200 N. Sheridan Road Apartment Building in Chicago’s Edgewater Neighborhood


Sheridan-Edgewater Apartments, 5200 North Sheridan Road,
Edgewater Neighborhood, Chicago, IL

Susan Tjarksen
CHICAGO, IL – Kiser Institutional Group, Chicago’s leading commercial real estate brokerage firm specializing in institutional multifamily properties throughout the Midwest, announces a new listing – the 223-unit Sheridan-Edgewater Apartments located at 5200 N. Sheridan Road in Chicago’s Edgewater neighborhood.

Originally built in the 1920s to serve as a luxury hotel, 5200 N. Sheridan Road offers a mix of efficiencies, studios, one- and two-bedroom apartments.

The first floor contains approximately 25,000 square feet of retail which has been strategically vacated so that new ownership can re-use the space for parking, amenities, or new specialty commercial tenancy. The building is being marketed without a price.

“An investor can significantly increase his or her presence in a stable rental market by purchasing this one building,” said Susan Tjarksen, principal, managing broker of KIG.

“We are seeing increased interest in the Chicago neighborhoods by national institutional investors and Edgewater is certainly one of those neighborhoods.  This asset will fit perfectly into an institutional portfolio.”

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


 312-267-4523

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