March 5, 2020 Comments Off on Multifamily with Penthouse Trades in Ukrainian Village Views: 274 Chicago News, South Side

Multifamily with Penthouse Trades in Ukrainian Village

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Kiser Group recently brokered a five-unit Ukrainian Village apartment building located at 1101 N. Damen for $2,100,000. The firm’s Rick Ofman represented both the seller, Ukrainian Village Capital, LLC, and a private buyer.

“Investment appetite for this Ukrainian Village apartment was very high,” said Ofman. “We had 15 tours in 10 days of showings, resulting in four offers within 8% of the list price.

“Featuring a 3,500 square-foot penthouse suite, this building was not your typical multifamily asset,” he continued. “Undoubtedly the suite raised the value of the building, but certainly not without limiting the potential buyer pool. We’re very happy to have met the seller’s objectives and exceeded his expectations with this disposition.”

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