CHICAGO — Kiser Group has arranged the sale of a 44-unit multifamily property in Chicago’s Ravenswood neighborhood for $9.7 million. Located at 5017 N. Wolcott Ave., the building comprises studio and one-bedroom units. About 25 percent of the units have been renovated. Residents have access to 10 parking spaces, a fitness room and laundry facilities. Lee Kiser, Andy Friedman and Jake Parker of Kiser brokered the transaction. Buyer and seller information was not released. The asset sold for $220,000 above the listed price.
Kiser Group Arranges $9.7M Sale of Multifamily Property in Chicago