CHICAGO – Kiser Group has been retained to market two listings in the city’s south-suburban neighborhood of Calumet City.

   The listing includes 12 units at 371-375 Yates Ave. and 17 units in two buildings at 634 Sibley and 1633 Harbor.     “We are seeing increased activity in the suburban Chicago market so far, and these listings reflect the value-added opportunities there are for investors looking for rental properties on the south side and Northwest Indiana region,” says John Meyer, managing director of Kiser Group.     The property at 371-375 Yates Ave. is a 12-unit apartment building with nine two-bedroom and three three-bedroom units. Two apartments are vacant, but leases are expected to be signed for both units in the coming weeks, said Meyer, who is marketing the listings. The property has 13 exterior parking spaces. It is listed for $400,000.     “This is a stable investment opportunity, as the property is in good condition and the apartments are sizeable,”  Meyer says.    The 634 Sibley and 1633 Harbor listing consists of two apartment buildings. The building at 634 Sibley has 11 units (five one-bedroom and six two-bedroom) while 1633 Harbor has six units (three one-bedrooms and three two-bedrooms). The listing price is $250,000.    “This listing is a rehab play,“ said Meyer, who is marketing the listing. “Both buildings are vacant and need renovating. However, each building has sizeable units and ample parking.”    Kiser Group is a Chicago commercial real estate brokerage firm specializing in the mid-market apartment sector. Kiser Group works with private investors, property owners and financial institutions.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt. Multifamily Fall 2024Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.