Kiser Group Brokers Fifth Consecutive Sale of 65-Unit Sheridan Park Apartment Building

Kiser Group Directors Jacob Price and Katie LeGrand facilitated the sale of the 65-unit apartment building located at 4601–17 North Dover Street in Chicago’s Sheridan Park neighborhood. The transaction marks the fifth consecutive sale of the property within a brokerage history spanning nearly three decades involving Kiser Group brokers.

The property first traded for $1.85 million in 1998, followed by sales in 2000 ($3.2 million), 2007 ($7.36 million), and 2020 ($12.5 million). Most recently, the property sold on July 14, 2026, for $16.325 million after generating multiple offers before being acquired by a buyer completing a 1031 exchange. 

The Arts & Crafts-style courtyard building consists of 65 apartments, including three studios, 45 one-bedroom, one-bath units, 14 two-bedroom, one-bath units, and three three-bedroom, two-bath units. The property was fully occupied at the time of sale and features modernized apartment interiors with stainless steel appliances, granite countertops, hardwood flooring, in-unit laundry, high ceilings, and modern flat-panel wood cabinetry. Approximately 75% of the apartments also include private balconies.

Residents enjoy a fitness center, landscaped courtyard featuring a mature tree and central fountain with multiple outdoor patio spaces, and individual storage lockers. The property is located approximately 0.4 miles from both the Wilson CTA Red Line station and Uptown’s entertainment district, as well as 0.6 miles from the Ravenswood Metra station.

The buyer was attracted to the opportunity to expand an existing portfolio in the area by acquiring a well-maintained, amenity-rich property in one of Chicago’s most desirable North Side neighborhoods. The building’s distinctive courtyard setting, modern finishes, and transit-oriented location contributed to strong investor interest throughout the marketing process. 

The transaction reflects continued investor demand for well-located, stabilized multifamily assets across Chicago’s North Side. Properties offering scale, modern amenities, and transit access continue to generate strong interest.

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