Kiser Group has completed the sale of a 36-unit multifamily property located at 5201 W. Washington Blvd. in Chicago’s Austin neighborhood.
The property sold for a final sale price of $2.6 million. Kiser Group Advisors Noah Clark and Jack Petrando represented both parties in the transaction. The building was 100% occupied at the time of sale, with one recently filled vacancy. A full mechanical and cosmetic renovation—including individual furnaces and new plumbing and electrical systems—made the property especially attractive to buyers seeking stabilized, turnkey assets.
“This property checks all the boxes for today’s investor,” said Noah Clark. “It’s a newly renovated, exceptionally well-managed building with modern finishes and fully updated systems, making it a low-maintenance, high-quality investment.” With a price per unit of $72,000, the sale sets a high-water mark for the area and highlights a growing trend of buyers paying a premium for well-finished assets on Chicago’s West Side.
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