Kiser Group Senior Director Jake Parker, Partner Andy Friedman and Advisor Viktor Radzieta facilitated the sale of an 11-unit mixed-use property at 1756 W. North Avenue in Chicago’s Wicker Park neighborhood for $3,880,000.
The property consists of three commercial spaces and eight residential apartments. Gut-renovated in 2020, the building has been meticulously maintained and features updated plumbing, electrical, roof, windows, and interiors. The residential units offer high-end finishes and individual mechanical systems, and the property was fully occupied at the time of sale.
Located just a short walk from Wicker Park’s Milwaukee and Damen corridor, the property provides tenants with convenient access to some of the neighborhood’s most popular restaurants, retail, entertainment, and public transportation. The combination of its location, recent renovation, and stabilized occupancy generated significant investor interest resulting in more than 30 tours and multiple offers.
The buyer was seeking a fully occupied property with strong long-term appreciation potential in one of Chicago’s most desirable neighborhoods. The property’s recent renovation and high-quality finishes positioned it as a low-maintenance investment with immediate in-place cash flow.
