1210-1216 W Diversey Pky

Kiser Group has been exclusively engaged to market for sale 1216 W. Diversey / 2812 N. Lincoln, a 4-unit mixed-use wrap around building. The property is located in Lakeview/Lincoln Park's 6-corner intersection and features two frontages - on both Diversey and Lincoln. Situated on the border of two of the most popular Chicago neighborhoods: Lakeview and Lincoln Park.
The unit mix is comprised of three (3) 3 bed / 1 bath apartments and one (1) ground floor retail space. The apartments were renovated in 2012 and feature kitchens with granite countertops, stainless steel appliances and individual HVAC and hot water tanks. The ground floor retail tenant is a well-established tap room - Beermiscuous - who has operated in this location since 2013 and has 5 years remaining with 3% annual increases. The retail space is built out with lofted ceilings, modern tiling and hardwood floors throughout.
1216 W. Diversey / 2812 N. Lincoln offers the opportunity to acquire a well-located asset with opportunity to grow apartment rents as they are 12% below market. Situated 0.3 miles to CTA Brown/Purple lines, 0.1 miles to Lake Michigan, 0.5 miles to DePaul's campus, this acquisition provides consistent demand in a continuously changing market.