Kiser Group Brokers Off-Market Sale of Newly Constructed 24-Unit Luxury Apartment Building in Lincoln Park for $13.225M

Kiser Group is pleased to announce the successful off-market sale of a newly constructed, 24-unit boutique apartment building located in the heart of Chicago’s Lincoln Park neighborhood. Directors Katie LeGrand and Jacob Price represented the seller in the $13,225,000 transaction.

Completed in 2025, the five-story elevator building features a highly desirable unit mix primarily comprised of two-bed/two-bath and three-bed/two-bath layouts. All residences include in-unit laundry, stainless steel appliances, quartz countertops, and modern designer finishes.

The property offers an expansive rooftop amenity deck with panoramic city views, a pickleball court, full outdoor kitchen with grill and TV, and a spacious sundeck. Additional conveniences include bike storage and elevator. Situated on a tree-lined Lincoln Park street, the building is just two blocks from the CTA Brown and Purple Lines at Diversey and a half-mile from DePaul University.

“A near-term sale of this asset was not really on the radar when we first walked the building with the developer,” said Katie LeGrand, Director at Kiser Group. “However, inventory of similar product has been scarce in Lincoln Park—and we saw an opportunity to line up a 1031 purchaser to achieve a strong outcome.”

The buyer was drawn to the opportunity to acquire a brand-new, professionally designed building in one of Chicago’s most sought-after neighborhoods. The asset complements their existing nearby holdings and offers long-term value in a submarket with minimal new inventory.

“This transaction reflects continued demand for well-located, Class A multifamily properties on the North Side,” added Jacob Price, Director at Kiser Group. “Lincoln Park is seeing very limited new development, making opportunities like this particularly competitive.”

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