6748-6750 N Ashland Ave 78 Unit Apartment Building $15,787,200 CAD ($202,400 CAD/Unit) 6.56% Cap Rate Chicago, IL 60626

Kiser Group has been exclusively engaged to market for sale 6748–50 N. Ashland, a 78-unit vintage mid-rise apartment building located in Chicago’s Rogers Park neighborhood. Originally constructed in 1927, the property features prominent Art Deco influences and retains much of its original architectural character. The building is situated along the Ashland Avenue corridor, approximately 0.4 miles from the Morse CTA Red Line Station, 0.5 miles from Rogers Park Metra Station, and 0.7 miles west of Lake Michigan.
6748-50 N. Ashland features a unit mix of eight (8) studios, sixty-nine (69) one-bedroom / one-bath apartments, and one (1) two-bedroom / one-bath unit. Apartment interiors blend modern upgrades with original architectural details including crown molding, keyhole doorways, and retro bathroom tile flooring. Renovated units feature stainless steel appliances, refinished hardwood or vinyl flooring, dishwashers, and granite countertops. Building amenities include a lobby, elevator, laundry facilities, and tenant storage lockers.
Located in one of Chicago’s most diverse and transit-oriented neighborhoods, 6748-50 N. Ashland benefits from close proximity to public transportation, neighborhood retail, and lakefront recreation. The offering presents investors with the opportunity to acquire a 78-unit asset with scale in a highly sought-after North Side location with strong and consistent rental demand.