Kiser Group Represents Buyer And Seller In $1.68M Sale Of 820 Reba Pl Evanston

820 Reba Pl, Evanston, IL, 60202 is a 12-unit multifamily property located in the Evanston market. The property sold for $1,680,000. The asset features a total of 0 square feet and offers an advantageous unit mix of six one-bedroom and six two-bedroom units. It is situated four blocks south of Main Street, providing residents with convenient access to shopping and dining options.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,680,000.00
• Address: 820 Reba Pl, Evanston, IL, 60202
• Market: Evanston
• Buyer's Representative: Lee Kiser-Kiser Group, Danny Mantis-Kiser Group
• Seller's Representative: Matt Halper-Kiser Group
• Buyer: Unknown
• Seller: Unknown
• Note: Kiser Group facilitated the sale of 820-822 Reba Place.

Director Matt Halper, advisor Danny Mantis, and principal and managing broker Lee Kiser from the Kiser Group represented both the buyer and seller in this transaction. Mantis highlighted that many tenants were paying below market rents, which creates considerable upside for the buyer as leases turn over. The property is less than half a mile away from the Main Street Purple Line stop and the Main Street Metra stop, enhancing its appeal due to the accessible transportation options to Evanston’s downtown district.