Kiser Group Lists Lakeview Apartment Portfolio
Kiser Group has listed a 134-unit apartment portfolio in Chicago’s Lakeview neighborhood. The portfolio consists of multiple vintage buildings and offers a mix of studio, one-, and two-bedroom units.
Kiser Group brokers Lee Kiser, Andy Friedman, Jake Parker and Viktor Radzieta have brought the portfolio to market. The properties, known as The Park Wellington and The Annabelle, are fully occupied and located just steps from Chicago’s lakefront, nightlife, and public transit.
The buildings have been under current ownership for decades, and the offering is already generating significant interest from both local and out-of-state investors, with a sale price expected in excess of $26 million. The buildings, both 1920s construction corridor-style, have seen numerous capital improvements in recent years and are exceptionally well maintained.
“The Annabelle and Park Wellington are being sold as a strategic plan by the owner to move from longer-term, depreciated assets into larger new investments to increase both depreciable basis and return on equity,” said Lee Kiser, Designated Managing Broker in Illinois for Kiser Group.
Don’t miss the Lifetime Achievement Award Presentation and Keynote Interview with Greg Mutz, Chairman & CEO of Amli Residential Partners, LLC and Keynote Interviewer Fred Schreiber, Chief Operating Officer at Connect Midwest Multifamily on June 4, 2025, at The Midland Hotel, Chicago, IL. Register Today to network with your peers!
Other News
Legion, SMA Equities Partner on Upper East Side Residential
Legion Investment Group, alongside SMA Equities as co-developer, completed the recapitalization of three parcels on the Upper East Side. Demolition of the existing structures on the site is already underway. “We’re closing on 201 E. 84th St., a corner assemblage that will become a new residential development on the Upper East Side,” said Victor Sigoura, founder...
Learn more
At Connect Apartments 2026, Experts See “Generational Buying Opportunities”
Against a backdrop of high interest rates, inflation and the conflict in Iran, the “tale of two markets” scenario that began in the post-pandemic office sector now encompasses multifamily, Trepp’s Lonnie Hendry told the audience at Connect Apartments 2026 in Los Angeles. Not only is the have/have-not dichotomy market-specific, he added, “you could have two...
Learn more
First Phase of Jersey City Multifamily Secures $310M Financing
Newmark has arranged a $310-million construction loan on behalf of Namdar Group for 555 Summit Ave., an 873-unit multifamily development in Jersey City. The property represents the first phase of a planned two-tower development totaling 1,542 units across 555 and 547 Summit Ave. The financing was provided by TYKO. Co-head of Global Debt & Structured...
Learn more
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout