Kiser Group Brokers Sale of Andersonville Courtyard MF Property
Kiser Group closed the sale of a 28-unit courtyard apartment building located at 5553–59 N. Magnolia in Chicago’s Andersonville neighborhood. The property sold for $7.8 million and was represented by Kiser Group brokers Jacob Price and Katie LeGrand.
The building features 23 one-bedroom units and five two-bedroom duplex units, all renovated in 2015 with modern finishes including central heating and cooling, shaker cabinets, granite countertops, in-unit laundry, and a landscaped courtyard. The property is conveniently located near the Bryn Mawr CTA Red Line and Andersonville’s Clark Street retail corridor.
The building generated strong interest immediately upon hitting the market in mid-August 2025, and was under contract within a month. The buyer was drawn to the property for its recently renovated units, prime Andersonville location, and its ability to add scale to their existing portfolio.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout