Kiser Group Brokers Chicago Community Deal

The firm’s Principal & Managing Broker Lee Kiser together with Broker Associate Rick Ofman represented the seller in the $3.6 million transaction.

4070 N. Kenmore St., Chicago
4070 N. Kenmore St., Chicago

Kiser Group has facilitated the transaction of a vintage community in Uptown Chicago. The firm’s Principal & Managing Broker Lee Kiser together with Broker Associate Rick Ofman represented the seller, 4070 Kenmore Corp., in the $3.6 million deal. The buyer of the 41-unit asset was a local landlord.

 “There continues to be strong interest from investors in true value-add communities in Uptown, despite the expected delivery of thousands of units throughout the city,” said Ofman in a prepared statement. Last year in November, Ofman was also part of the team of brokers that closed another 41-unit vintage property deal in Uptown Chicago.

Located at 4070 N. Kenmore St., in the Buena Park neighborhood, the community originally functioned as a hotel back in the 1920s. It was later adapted to a vintage, micro-unit asset featuring studio floorplans. The property is within steps from Challenger Park and a few blocks from Wrigley Field and Thorek Memorial Hospital. Residents can also access Montrose Beach within a short walk. The two main city airports, O’Hare International and Midway International, are approximately half an hour away.

If you’d like to be featured in Brokers’ Corner, send your deal to deals@cpe-mhn.com

Image courtesy of Kiser Group