Chicago & Midwest + North Side + Apartments | May 11, 2023

Kiser Group has listed Ravenswood Gardens, a portfolio of seven apartment buildings in Chicago’s Uptown neighborhood, for $20 million

Kiser Group Lists 151-Unit Portfolio in Uptown

Kiser Group has listed Ravenswood Gardens, a portfolio comprising 151 apartment units across seven closely situated buildings in Chicago’s Uptown neighborhood. The portfolio, listed for $20 million, presents an attractive opportunity for investors looking to acquire scale, assumable debt, and strong cash flow, according to Kiser Group.

The listing is being handled by managing broker Lee Kiser and advisors Katie LeGrand and Jacob Price. Spread across four different sites, all located within a city block of each other, the 1960s buildings have a range of finishes, including laminate or granite countertops, stainless steel appliances, and vinyl flooring. Each building has 11-12 parking spots.

“The market trends in Uptown are favorable, with new construction and renovations driving demand for rental products in the area,” said Price. “What sets Ravenswood Gardens apart is the unique community feel and location of the portfolio within the neighborhood, making it an appealing investment opportunity.”

Meet industry experts at the upcoming Connect Midwest: Multifamily and Adaptive Reuse Trends, which takes place June 13, 2023 at the W Chicago City Center Hotel. Click here for more information and to register.

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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 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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