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Chicago & Midwest  + North Side  + Apartments  | 
Harvard House Condominiums is being marketed as a deconversion opportunity on Chicago's North Side

Kiser Group Markets Condo Deconversion in East Lakeview 

Kiser Group has listed Harvard House Condominiums, a 94-unit property in the East Lakeview neighborhood of Chicago’s North Side. Listed for $19,000,000, the property is located at 3825 N. Pine Grove Ave. Director Andy Friedman and advisor Jake Parker are representing the association in this Section 15 deconversion sale.  

“Harvard House is a perfect example of the benefits of a deconversion sale,” said Friedman. “With a large bulk owner and 90% of the units at the property used as rentals, resale values of individual units are quite depressed. This sale will allow owners to exit their investment at prices far exceeding current condominium values. For investors, 3825 N. Pine Grove presents a value-add opportunity of size, an infrequent opportunity in the neighborhood.”  

Built in 1969 and converted to condo in 1991, Harvard House has an atypical unit mix for a 4+1 construction building, according to Kiser Group.


Inside The Story

Kiser Group

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 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