Neriel Lagoon 1370 W Wilson Ave 65 Unit Apartment Building $17,300,000 ($266,154/Unit) 5.79% Cap Rate Chicago, IL 60640

Kiser Group has been exclusively engaged to market for sale 4601-17 N. Dover, a 65-unit courtyard building, located in Chicago's Sheridan Park neighborhood. This 1914-built asset shares a rich history with the neighborhood as part of the Dover Street District and is situated just 0.4 miles from the Wilson CTA Red Line, 0.6 miles from Ravenswood Metra, and steps from Uptown's business and entertainment district.
4601-17 N. Dover features an attractive unit mix comprised of three (3) studios, forty-five (45) 1 bed / 1 bath units, fourteen (14) 2 bed / 1 bath apartments, and three (3) 3 bed / 2 bath units. Apartments were all renovated in 2007; highlights include stainless steel appliances, granite countertops, flat-panel wood cabinets, and in-unit laundry. Roughly 75% of units have balconies overlooking the courtyard. Building amenities include a gym, landscaped grounds with a fountain and multiple outdoor patio spaces, and storage lockers for each apartment, providing renters with modern comfort in a classic Chicago setting.
Located in highly desirable Sheridan Park, a historic district along Chicago's North Side, just 0.4 miles from the CTA Wilson Red Line and to vibrant Uptown. Dover offers investors a rare opportunity to acquire a renovated, strategically positioned asset. This is a generational investment in a location that consistently commands strong demand