Kiser Group recently brokered the sale of a five-unit Ukrainian Village apartment building located at 1101 N. Damen, Chicago 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 percent of the list price,” Ofman said. “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 three two-bedroom/two-bathroom units, one one-bedroom/one-bathroom unit and one top-floor, four-bedroom/three-and-a-half bath unit.