Kiser Group directors Jacob Price and Katie LeGrand have completed the sale of a vintage apartment building in Chicago’s Rogers Park neighborhood, securing an $11.5 million transaction for a 78-unit property at 6748-50 North Ashland Avenue. The sale involved a local owner-operator that already holds assets in the surrounding area and was looking to add scale in the neighborhood.
Originally built in 1927, the mid-rise building reflects Art Deco architectural influences, positioning it as a classic prewar asset on Chicago’s North Side. The property offers a total of 78 residential units, including eight studio apartments, 69 one-bedroom, one-bath units, and a single two-bedroom, one-bath apartment. This unit mix emphasizes smaller formats, aligning the building with renters seeking efficiently sized apartments in an established neighborhood setting.
The asset is located along the Ashland Avenue corridor in Rogers Park, placing residents near multiple transit options and neighborhood amenities. The building sits within convenient distance of the Morse station on the Chicago Transit Authority’s Red Line, the Rogers Park Metra station, and Lake Michigan. This combination of rail access and proximity to the lakefront reinforces the building’s connectivity to the broader city and to local recreational options.
According to Kiser Group, the transaction closed at 100% of the list price and drew multiple offers. That execution is described as a signal of strong investor demand for larger multifamily holdings across Chicago’s North Side submarkets. The undisclosed buyer was particularly motivated by the chance to add a nearby property to an existing portfolio in the same neighborhood, underscoring a strategy focused on geographic concentration and operating efficiencies close to current holdings.
The closing of this deal highlights ongoing investor interest in stabilized, transit-accessible multifamily assets within mature urban neighborhoods. While financial terms beyond the purchase price were not disclosed, the competitive bidding process and full-ask outcome suggest that well-located, historically styled apartment properties with established tenant bases continue to attract attention from local owner-operators. The transaction also reinforces Rogers Park’s role as a target submarket for investors seeking scale on Chicago’s North Side.
