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Chicago & Midwest  + North Side  + Apartments  | 
5301 N Ashland Chicago Kiser Group

Andersonville Multifamily Trades at Full Asking Price

Kiser Group has closed on a 40-unit multifamily property in the North Side’s Andersonville neighborhood. 5301 N. Ashland Ave. went under contract in four days at its full asking price of $5 million. Kiser Group advisors Andy Friedman and Jake Parker represented both the buyer, a local investor, and seller, an unnamed family trust. 
 

“The building is in an excellent location, just steps from Starbucks and the neighborhood’s main thoroughfare, Clark Street,” said Friedman. “As North Side brokers, we continue to see growing interest in Andersonville properties as the area’s multifamily market continues to see upward movement.” 

5301 N. Ashland is a 40-unit corridor building made up of 26 studio apartments and 14 one-bedroom/one-bathroom units. Most of the units are in vintage condition, according to Kiser Group..  

“With in-unit finishes dating back to the 1990s, the new owners saw great value-add potential at this property,” said Parker. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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