Kiser Group has been exclusively engaged to market 6308-10 N. Artesian Avenue, a 14-unit walk-up apartment building located in Chicago’s West Ridge neighborhood. The property includes 13 legal units and 1 non-conforming garden unit, presenting a compelling value-add opportunity in a strong North Side rental market.
The building has been under the same ownership for over 20 years and has been well-maintained throughout that time. Recent capital improvements include a new hot water heater, roof layer replacement (2023), and recent tuckpointing. The unit mix consists of (10) 1bd/1ba, (3) 2bd/1ba, and (1) studio, all featuring spacious layouts.
A new owner has the opportunity to unlock significant value through cosmetic renovations to kitchens, bathrooms, and common areas, as well as converting the all one-bedroom units with separate dining rooms into functional two-bedroom layouts. Additionally, current rents are well below market due to long-term tenancy, offering immediate upside through modern upgrades and improved leasing strategies.