Lincoln Park - Bulk Condominium Sale

Investment Overview

Kiser Group is pleased to present the bulk sale of 17 condominium units and 3 parking spaces at 2629 N Hampden Ct. The bulk sale contains 17 out of 67 condominiums in the building, which represents a 21.5% ownership stake in the entire condominium association. This bulk unit sale consists of thirteen (13) studio units and four (4) 1 Bed/1 Bath units. Units 308 and 402 recently received very light cosmetic renovations and large subsequent rent increses. The rest of the units are in vintage condition yet still significantly under market rent. The association has recently completed multiple cap-ex projects including elevator modernization. Hallway repainting and recarpeting will begin shortly- purchaser will not be responsible for payment of that project.

Investment Highlights

• Within One Block of Lincoln Park and Chicago's Lakefront
• Rental Upside As-Is or Through Renovations
• Recent Cap-Ex Includes: Elevator modernization, Tuckpointing, Roof (4-YO), Boiler (6-YO) & Water Heaters (10-YO)
• Close Proximity To Retail & Nightlife on Clark Street