Kiser Group Brokers Sale of Fully Renovated Multifamily Building in Chicago
Kiser Group has announced the successful sale of a 36-unit multifamily property located at 5201 W. Washington Blvd. in the Austin neighborhood of Chicago.
The property was sold for $2.6 million and was fully occupied at the time of the transaction, with one recently leased unit. Kiser Group Advisors Noah Clark and Jack Petrando represented both the buyer and seller in the deal.
The building underwent comprehensive mechanical and cosmetic renovations, including the installation of individual furnaces, new plumbing, and updated electrical systems. These improvements helped position the asset as a stabilized, turnkey opportunity in a growing submarket.
“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 sale price of $72,000 per unit, the transaction establishes a high-water mark for the area and reflects a broader trend of investors willing to pay a premium for well-finished, stabilized properties on Chicago’s West Side.
