The 60-unit brick apartment building located at 6119 N. Kenmore in Edgewater sold for $4.4 million. The property includes 23 studios, 36 one-bedroom units and one two-bedroom unit, each with one bath. The building also offers 30 parking spaces.
“Location was a key selling point,” said Bill Baumann, senior managing director of Kiser Group, who represented the seller in the sale. “This property sits on a large 150-foot-by-150-foot parcel that’s just one block from the Loyola University campus and the Red Line ‘L’ stop at Granville Avenue.”
“The opportunity also appealed to the buyer because of its assumable loan with a 78 percent loan-to-value,” said Lee Kiser, principal of Kiser Group, who represented the buyer in the sale.