Kiser Group has been exclusively engaged to market for sale 6351 N. Lakewood, a 33-unit mixed-use property in Chicago's Edgewater neighborhood. This 1920s constructed asset is well-situated just 0.1 miles to Loyola's campus, 0.3 miles to the Loyola Red Line CTA station, and 0.4 miles to Lake Michigan.
The building features a strong unit mix of eight (8) 1 bed / 1 bath units, seventeen (17) 2 bed / 1 bath units, and two (2) 3 bed / 2 bath apartments. Units offer individual HVAC systems with varying levels of interior finishes and exposed brick walls. Also, there are three (3) retail tenants who occupy six (6) storefront spaces, totaling ~4,950 square feet. Common amenities include a laundry room and bike storage area. Current apartment rents are ~15% below market, with even further upside by modernizing interior finishes.
6351 N. Lakewood offers the opportunity to acquire a historical asset with additional value-add potential. Furthermore, assumable financing is available through April 1st, 2028, at a 4.74% interest rate.