Kiser Group has listed Ravenswood Gardens, a portfolio of 151 apartment units across seven buildings in Chicago’s Uptown neighborhood. The $20 million listing presents an attractive opportunity for investors seeking scale, assumable debt and strong cash flow according to Kiser Group.
Managing broker Lee Kiser is handling the listing with advisors Katie LeGrand and Jacob Price. Located within a city block of each other, the 1960s buildings have various finishes including laminate or granite countertops, stainless steel appliances and vinyl flooring with 11-12 parking spots per building.
Price commented on market trends in Uptown saying “new construction and renovations are driving demand for rental products in the area” adding that “what sets Ravenswood Gardens apart is its unique community feel combined with its location making it an appealing investment opportunity.”
