 |
| 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:
Mark Thomton, mthomton@taylorjohnson.com
312-267-4523
No comments:
Post a Comment