6211 N. Kenmore

• 28-unit 4+1 style building
• Modernized unit-mix including twelve (12) studio apartments, sixteen (16) 1 bedroom / 1 bathroom units
• 19 parking spaces
• 0.1 Miles from Loyola University
• 0.3 Miles from the Granville CTA Red Line
• On average, 10%+ upside in current rents

Property Description

Kiser Group has been exclusively engaged to market for sale Fairchild Shores at 6211 N. Kenmore, a 28-unit 4+1 style building in Chicago's Edgewater neighborhood. The property is well-situated for Loyola University students as it's just 0.1 miles from campus and one block from Lake Michigan. The building is comprised of twelve (12) studio apartments, sixteen (16) 1 bedroom / 1 bathroom units and includes 19 parking spaces. In 2018, ownership renovated common area spaces and modernized units. These updates included new kitchens, bathrooms, flooring, doors, and windows, creating a more open floor plan for residents. Additionally, plumbing and electrical throughout were replaced, the parking lot was resurfaced, and laundry rooms were added on every floor by converting existing storage rooms. As 6211 N. Kenmore is set up just 0.1 miles from Loyola University and 0.3 miles from the Granville CTA Red Line stop, new ownership is guaranteed an asset in a location that will always be sought after. This acquisition provides consistent demand from students and hedges against a continuously changing market. Additionally, current rents are on average 10%+ below market for nearby apartment buildings with similar finishes (see rent survey pages), allowing for investors to operate more aggressively.