Kiser Group Advises on Albany Park Deconversion Sale
Kiser Group advised on the $1,773,000 Section 15 deconversion sale of 4944 N. Harding in the North Side’s Albany Park neighborhood. Advisors Andy Friedman and Jake Parker represented both the seller, 4944-46 N. Harding Condominium Association, and buyer, Block & Key.
“As North Side brokers, we have seen growing interest for Albany Park properties over the years and this deal marks the second deconversion we’ve closed on Harding in the past year,” said Parker. “Albany Park’s multifamily market continues to see upward movement in rent due to its easy access to transportations, a built-in student renter base and numerous parks.”
4944 N. Harding features 13 total units- 11 two-bedroom/one-bath units and two three-bedroom/two-bath units. The L-shaped walk-up building was converted to condominiums in 2005, during which time the entire property was gut renovated. All units have individual furnaces and central A/C, as well as in-unit laundry and high-end finishes.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).
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