Home Real Estate Kiser Lists Lincoln Park Condominium Prime for Deconversion
Real Estate

Kiser Lists Lincoln Park Condominium Prime for Deconversion


Kiser Group announced the listing of Hampden Green Condominiums, a 206-unit high-rise building in the heart of Lincoln Park. The property offers an opportunity for multifamily investors, a strategy Kiser’s Senior Director Andy Friedman and Director Jake Parker have found repeat success with. The duo also recently closed on the Section 15 condominium deconversion sale at 6166 N. Sheridan for $31.5 million, which Becovic Management Group purchased.

Located at 2728 North Hampden Court, the property features 81 studios, 20 junior one-bedroom units, 104 one-bedroom units, and one two-bedroom and two-bath units. 60 percent of the units are investor-owned rental units, and the other 40 percent are owner-occupied. 

The park, Lakefront, and Clark Street attractions are all a short walk from the building. “Hampden Green has an array of amenities, including a rooftop deck with a pool, a 22nd-floor party room that offers potential conversion into a gym, a laundry room, a management office, package lockers, and a 110-spot parking garage,” said Parker.



Source link

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Real Estate

Memphis Dermon Building Converting to 150-Room Hotel

The Dermon Building in Memphis was built 99 years ago, designed as...

Real Estate

Developer Duo Secures $120M Refi for Charleston Harbor Rental Community

Woodfield Investments and Argosy Real Estate Partners have secured $120 million to...

Real Estate

Bonita Springs Site for 252-Unit Apartment Community

Madison Communities and Heitman have closed a $44 million construction loan for...

Real Estate

$21.5M Loan for Tacoma Apartments Secured by Berkadia

Berkadia has secured financing for the acquisition of The Duo Apartments, a...