CHICAGO, IL - Kiser Group is proud to announce the sale of 5411 N. Winthrop, a premier multifamily property for $17,400,000. The property, a fully renovated double 4+1 building with modern amenities, was sold to Becovic Residential, a Chicago-based multifamily owner and operator with a strong presence throughout the Northside.
The property, boasting an impressive occupancy rate of approximately 99%, underwent a complete renovation in 2013, making it an attractive, turnkey investment. Located in Edgewater, the asset provides residents with convenient access to Lake Michigan, public transportation, and vibrant local amenities.
Kiser Group Advisors Jacob Price and Katie LeGrand led the sale process, which attracted robust interest from buyers. With over 30 property tours and multiple offers, the property went under contract within a month of listing.
“This transaction reflects the ongoing demand for renovated multifamily properties in Edgewater, especially those with scale and strong occupancy,” said Katie LeGrand, Advisor at Kiser Group. “The buyer recognized the property's value as a strategic addition to their portfolio, while the seller achieved a near-list price resulting in a highly competitive process.” said Jacob Price, Advisor at Kiser Group.
Edgewater continues to benefit from strong multifamily market dynamics, supported by its appealing mix of affordability, proximity to downtown Chicago, and a desirable lakeside location. Investors are drawn to its potential for long-term stability and opportunities for portfolio expansion.
This transaction underscores Kiser Group’s expertise in connecting sellers and buyers of multifamily properties, delivering exceptional results through strategic marketing and deep market knowledge.