Kiser Group’s Birk | Sklar Team recently brokered a $1.425 million transaction at 1421 W. Garfield, going under contract in less than one week after hitting the market with multiple offers. The building is located off Garfield Boulevard – one of the South Sides’ most desirable boulevards.
“The area has seen unprecedented growth, and assets on the boulevard typiclly command a premium,” Partner, Aaron Sklar said. “Given the asset’s proximity to public transportation and the I-90 I-94 freeways renters are attracted to the area and its accessibility from both to and from downtown Chicago.”
The spacious, 18-unit property has an incredibly desirable unit mix. Each unit is updated with granite countertops, built-in microwaves, HVAC units and hot water tanks. Recent improvements to the property include a newer roof, metal porches (2014), 100% copper plumbing, and a 1200 amp electric service with in-unit circuit breakers.
“The owner plans to capitalize an already fully occupied building with plans of rental growth as the market continues to appreciate,” said Sklar.
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