Kiser Group Markets Onetime Maybelline Headquarters
Kiser Group is marketing The Mabel Exchange, a mixed-use property in Edgewater’s Andersonville neighborhood. Director Andy Friedman, advisor Jake Parker and principal & managing broker Lee Kiser are marketing the property at 5920 N. Ridge Ave. subject to offer.
“Chicago’s North Side continues to attract the attention of investors, and Andersonville will only continue to increase in desirability for both residents and property owners alike,” said Friedman. “With the commercial space fully leased and residential rents trending upward in the building, we anticipate the market will possibly reach $18,000,000 for The Mabel Exchange.”
The Mabel Exchange features 52 renovated apartments with quartz countertops, stainless steel appliances and in-unit laundry. In addition, the property includes 20,452 square feet of fully-occupied commercial space and 33 garage parking spaces. Built in 1915, the property originally housed the headquarters of cosmetics company Maybelline, which was named after the founder’s sister Mabel.
- ◦Sale/Acquisition