Search
 

Kiser Group Markets 3 Suburban Apartment Property Listings

CHICAGO - Kiser Group is marketing three apartment property listings totaling 57 units in the suburban neighborhoods of Arlington Heights, Wood Dale and Westmont.

By Chip Barnett | Updated on February 13, 2013

   CHICAGO – Kiser Group has been retained to market three apartment property listings totaling 57 units in the suburban neighborhoods of Arlington Heights, Westmont and Wood Dale.

   The buildings are located at 18-24 E. Northwest Hwy. in Arlington Heights; 6703 Alpine Dr., 6703 Maple Dr., 6791 Park Dr. and 6721-6723 Vail Dr. in Westmont; and 120 and 124 Division St. in Wood Dale.    ”We are seeing increased activity all throughout Chicago’s suburbs, as evidenced by the number of new listings we have been retained for so far this year,” says Lee Kiser, principal of Kiser Group.     The property in Arlington Heights is a 14-unit mixed-use building with two retail spaces, one of which is leased. The three-story brick building offers two studios and 10 one-bedroom units, all of which are fully occupied. The listing does not include parking, but off-street parking is located nearby. It is listed for $1.75 million.    The properties in Westmont include five six-flat buildings in The Ponds at Willow Falls apartment complex totaling 30 units. The listing price is $1.8 million.    Each building has five two-bedroom and one one-bedroom apartments. The 30 units are 95% leased. All units share a large community parking lot.    The listing located in Wood Dale consists of two buildings totaling 13 units. This property is listed at $949,000. The unit mix includes 10 one-bedroom, one two-bedroom and two three-bedroom apartments, all of which are fully occupied. The property includes 21 parking spaces.    ”There’s simply more renters than the current supply can accommodate right now and it will take a few years for the new developments that are beginning right now to become reality,”Kiser says. “So that makes suburban rentals a very solid and healthy investment opportunity, especially for suburban investors looking for value-add plays.”    Kiser Group is a Chicago commercial real estate brokerage firm specializing in the mid-market apartment sector. Kiser Group works with private investors, property owners and financial institutions.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.