Kiser Group Brokers Jacob Price and Katie LeGrand Close on 28-Unit Andersonville Courtyard Property

Kiser Group is pleased to announce the successful closing of a 28-unit courtyard apartment building located at 5553–59 N. Magnolia in Chicago’s highly sought-after Andersonville neighborhood. The property sold for $7,800,000 and was represented by Kiser Group brokers Jacob Price and Katie LeGrand.

The building features 23 one-bedroom units and 5 two-bedroom/two-bath duplex units, all thoughtfully renovated in 2015 with modern finishes including central heating and cooling, shaker cabinets, granite countertops, in-unit laundry, and a landscaped courtyard.

Located just 0.1 miles from the Bryn Mawr CTA Red Line and 0.3 miles from Andersonville’s Clark Street retail corridor, this property offered an exceptional combination of convenience, quality, and location.

The building generated strong interest immediately upon hitting the market in mid-August 2025, and was under contract within a month. The buyer was drawn to the property for its recently renovated units, prime Andersonville location, and its ability to add scale to their existing portfolio.

Andersonville remains a highly demanded rental neighborhood on Chicago’s North Side, with continued low inventory and strong demand for renovated and value-add properties. This transaction highlights the enduring appeal of generational assets in sought-after neighborhoods.

Jacob Price and Katie LeGrand of Kiser Group successfully navigated the transaction, delivering a seamless experience for both the buyer and seller and demonstrating the firm’s expertise in Chicago’s competitive multifamily market.

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