Kiser Group, Chicago’s leading multifamily brokerage firm, recently brokered a five-unit Ukrainian Village apartment building located at 1101 N. Damen for $2,100,000. Kiser Group Broker Rick Ofman represented both the seller, Ukrainian Village Capital, LLC, and a private buyer.
“Investment appetite for this Ukrainian Village apartment was very high. We had 15 tours in 10 days of showings resulting in four offers within 8% of the list price,” said Rick Ofman. “Featuring a 3,500 square-foot penthouse suite, this building was not your typical multifamily asset. Undoubtedly the suite raised the value of the building, but certainly not without limiting the potential buyer pool. Very happy to have met the seller’s objectives and exceeded his expectations with this disposition.”
1101 N. Damen features (3) two-bedroom, two-bathroom units, (1) one-bedroom, one-bathroom unit and (1) top-floor four-bedroom, three-and-a-half bath unit.