6748-50 N Ashland Ave Chicago, IL 60626

Kiser Group has been exclusively engaged to market for sale 6748–50 N. Ashland, a 78-unit vintage mid-rise apartment building located in Chicago's Rogers Park neighborhood. Originally constructed in 1927, the property features prominent Art Deco influences and retains much of its original architectural character. The building is situated along the Ashland Avenue corridor, approximately 0.4 miles from the Morse CTA Red Line Station, 0.5 miles from Rogers Park Metra Station, and 0.7 miles west of Lake Michigan. 6748-50 N. Ashland features a unit mix of eight (8) studios, sixty-nine (69) one-bedroom / one-bath apartments, and one (1) two-bedroom / one-bath unit. Apartment interiors blend modern upgrades with original architectural details including crown molding, keyhole doorways, and retro bathroom tile flooring. Renovated units feature stainless steel appliances, refinished hardwood or vinyl flooring, dishwashers, and granite countertops. Building amenities include a lobby, elevator, laundry facilities, and tenant storage lockers. Located in one of Chicago's most diverse and transit-oriented neighborhoods, 6748-50 N. Ashland benefits from close proximity to public transportation, neighborhood retail, and lakefront recreation. The offering presents investors with the opportunity to acquire a 78-unit asset with scale in a highly sought-after North Side location with strong and consistent rental demand. Rogers Park is located 10 miles from downtown and is the furthest north side neighborhood in Chicago. With Lake Michigan to its east, Rogers Park spans from Devon Avenue to the south, Ridge Avenue to the west and Howard Street to the north. The area is home to Loyola University Chicago, multiple CTA Red Line stops, and is one of the most diverse neighborhoods in the city. Loyola University Chicago is an economic driver for Rogers Park with 11,919 undergraduate students. For the past three years, Loyola’s incoming first-year class has continued to break the record for the school’s largest class. The large student body population is driving restaurant and local amenity developments. Multifamily development has increased in this neighborhood, including luxury apartments like The Morgan, 415 Premier Apartments, and Albion at Loyola Station. Students have ample assess to public transportation and recreation. The CTA Red Line stops include Howard, Jarvis, Morse, and Loyola. In 2013, the Loyola stop underwent a $17 million renovation that included a plaza. Bus Routes include the #22 (Clark) and #147 (Outer Drive Express). With over one mile of publicly accessible beaches, residents enjoy the natural amenity and beauty of Lake Michigan.