Kiser Group, a real estate brokerage firm, recently closed the sale of 5411 N. Winthrop in Edgewater for $17.4 million. The property is a four plus one multifamily building that was fully renovated and features modern amenities.
The transaction was led by Kiser Group Advisors Jacob Price and Katie LeGrand who stated that this sale reflects the high demand for renovated multifamily properties in Edgewater with strong occupancy rates.
The buyer, Chicago-based Becovic Residential, recognized the value of adding this property to their portfolio while the seller achieved near-list price due to a competitive process facilitated by Kiser Group.
Edgewater continues to be an attractive market for multifamily properties due to its affordability, convenient location near downtown Chicago and desirable lakeside setting.
