A venture of Chicago-based Horizon Realty Group LLC paid $4.4 million last month for a 60-unit apartment building at 6119 N. Kenmore St. in Edgewater, according to public records. As part of the deal, the Horizon venture agreed to assume a $3.5 million commercial mortgage-backed securities (CMBS) loan on the building, public records show. Horizon bought the building from a venture of Chicago-based Evergreen Real Estate Services LLC, which paid $5.3 million for the property six years ago, according to public records. A Horizon executive did not return a call, and an Evergreen executive could not be reached. Bill Baumann, senior managing director of Kiser Group, represented Evergreen in the deal. As of last summer, the property was 92 percent leased, according to a report about the CMBS loan.
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