Kiser Group’s Managing Broker Lee Kiser along with Advisor Will Cornish and Kyle Sissell are pleased to announce the listing of Forest Glen Apartments for sale at a list price of $34,000,000. This multifamily property presents an excellent investment opportunity in the highly sought-after La Grange Park neighborhood.
Forest Glen Apartments, located at 1639 Forest Road, offers an impressive 98% occupancy rate, demonstrating its status as a prime asset in the market. Kiser Group expects strong investor interest due to the debt assumption and the property’s remarkable performance.
What sets Forest Glen Apartments apart from other offerings in the area is its unique position as one of the few large complexes in the neighborhood. “This factor, combined with the presence of a robust school district, has contributed to its consistently high occupancy rate and exceptional rental performance,” said Cornish. “Potential investors can seize the opportunity to secure a stronghold on the market and capitalize on the sustained demand for quality rental units in the La Grange Park area.”
According to the team, market trends in Forest Glen indicate prospects for future growth and increased rental rates. The neighborhood is surrounded by desirable Chicagoland suburbs, suggesting a positive trajectory for rental prices. As the demand for upgraded housing options in the vicinity continues to rise, investors have the potential to maximize returns through renovation and alignment with the area’s upscale appeal.
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