Kiser Group Directors Jacob Price and Katie LeGrand facilitated the sale of a 78-unit apartment building located at 6748-50 North Ashland Avenue in Chicago’s Rogers Park neighborhood for $11.5 million.
The property was acquired by a local owner-operator with an existing portfolio in the neighborhood. Originally constructed in 1927, the vintage mid-rise building features prominent Art Deco architectural influences. It includes 78 units comprising eight studios, 69 one-bedroom, one-bath apartments, and one two-bedroom, one-bath unit.
The property is situated along the Ashland Avenue corridor, near the Morse CTA Red Line station, Rogers Park Metra station, and Lake Michigan, providing convenient access to transit and neighborhood amenities. The transaction closed at 100% of list price, with multiple offers, reflecting strong investor demand for scale across multifamily assets in Chicago’s North Side submarkets. The buyer was motivated by the opportunity to expand their existing footprint in the area, with the property located near their other neighborhood holdings.
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Levin Johnston of Marcus & Millichap recently completed the sale of First Street Manor, a 39-unit apartment community in San Jose. Executive managing directors Adam Levin and Robert Johnston, along with senior director, investments Cole Simpson, represented the seller and procured the buyer in the $9.112-million transaction. The Levin Johnston team demonstrated the asset’s upside...
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Associated Bank announced the completion of a $16.5 million loan towards the $22 million total acquisition price of Eleven5 Lake Apartments at 115 Lake Street in Libertyville, Illinois. The property is a stabilized mixed-use property with 34 apartment units with 41 dedicated apartment parking spaces, and 25,147 square feet of ground-floor commercial space. The apartments...
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New York City investment sales reached $23.69 billion across 1,914 transactions in the first three quarters of 2026, up 9.1% and 7.9%, respectively, from a year earlier, Ariel Property Advisors reported. The year’s first half was especially strong, with dollar volume up 36% in Q1 and 31% in Q2, year-over-year. However, dollar volume in Q3...
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Central CA Commercial | California
Recckio Real Estate & Development
Northgate Real Estate Group
California
California