Kiser Group is pleased to offer the opportunity to purchase Riverwood Manor, a well maintained 56 unit apartment building for active seniors (55+ years old) in Riverdale, IL. Senior housing is a rapidly growing and highly sought after segment, especially in the Chicagoland area. According to the Brookings Institute, the senior population is expected to increase 36% over the next ten years. The median age in Chicago has increased almost 6% over the last 10 years, surpassing the national average. Crain' s Chicago Business reports that the supply of senior housing will have to increase 60% over the next two decades to keep up with demand. This asset is a unique opportunity with excellent potential for growth as seniors and retiring baby boomers seek alternatives to traditional housing.
Great investment opportunity! Two and a half story, 6 unit; masonry constructed apartment building in turn-key condition. (5) 2BR/1BA and (1) 1BR/1BA Apts. Great corner property with parking on site.
Quality building on high traffic 127th. (12) one-bedroom units with parking! Easy to rent. Great visibility. Additional income can be derived by installing laundry. Part of a 4 building portfolio. Can be purchased individually or as a package. Other properties include: 1234 W. 127th, 12500 S. Lincoln and 12510 S. Lincoln.