03.06.20
Kiser Group Brokers Sale of Boutique Apartment Building in Chicago’s Popular Ukrainian Village Area
CHICAGO, IL – 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.
About Kiser Group: Kiser Group is Chicagoland’s leading commercial real estate brokerage firm specializing in the disposition of multifamily, mixed-use and development parcels. Founded in 2005, Kiser Group works with diverse owners and investors to value, market and close commercial properties successfully. The firm’s unmatched combination of experience, market intelligence and track record makes Kiser Group the go-to broker for the Chicago metropolitan area.
