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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.
- ◦Sale/Acquisition


