Kiser Group has brokered the $3.5 million Section 15 deconversion sale of 1319 W. Sherwin Ave., a 28-unit building in Chicago’s Rogers Park neighborhood. Advisors Andy Friedman, Jake Parker, Danny Logarakis and Rick Ofman represented the buyer, a private investor, as well as The 1319 West Sherwin Condominium Association.
The three-story building was constructed in 1962 as an apartment community and includes 16 one- and 12 two-bedroom units. After acquiring the property in 2008 in a deal brokered by Kiser, the new owner transformed the apartments into condos.
The asset is located at 1319-27 W. Sherwin Ave., just off the North Sheridan Road retail corridor. The property is 11 miles north of downtown Chicago, a short distance from Lake Michigan and the Jarvis station on the El’s Red Line.
The association put the property up for sale three years ago. According