CHICAGO, IL - Kiser Group, a leading multifamily brokerage firm, has announced the listing of Ravenswood Gardens, a highly desirable portfolio comprising 151 units across seven closely situated buildings in Uptown. The portfolio, listed for $20 million, presents an attractive opportunity for investors looking to acquire scale, assumable debt, and strong cash flow.
Managed by Kiser Group's experienced team of Managing Broker Lee Kiser and Advisors Katie LeGrand and Jacob Price, the portfolio features 102 one-bedroom units and 49 studio apartments. Spread across four different sites, all located within a city block of each other, the portfolio provides a unique sense of community and neighborhood feel. The 1960s buildings have a range of finishes, including laminate or granite countertops, stainless steel appliances, and vinyl flooring. Each building has 11-12 parking spots.
"The market trends in Uptown are favorable, with new construction and renovations driving demand for rental products in the area," said Price. "What sets Ravenswood Gardens apart is the unique community feel and location of the portfolio within the neighborhood, making it an appealing investment opportunity.”