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Chicago & Midwest  + South Side  + Apartments  | 

Multifamily with Penthouse Trades in Ukrainian Village

Kiser Group recently brokered a five-unit Ukrainian Village apartment building located at 1101 N. Damen for $2,100,000. The firm’s Rick Ofman represented both the seller, Ukrainian Village Capital, LLC, and a private buyer.

“Investment appetite for this Ukrainian Village apartment was very high,” said Ofman. “We had 15 tours in 10 days of showings, resulting in four offers within 8% of the list price.

“Featuring a 3,500 square-foot penthouse suite, this building was not your typical multifamily asset,” he continued. “Undoubtedly the suite raised the value of the building, but certainly not without limiting the potential buyer pool. We’re very happy to have met the seller’s objectives and exceeded his expectations with this disposition.”

For comments, questions or concerns, please contact Paul Bubny

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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 16-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 7-10 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).

  • ◦Sale/Acquisition
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