Kiser Group partner Andy Friedman and senior director Jake Parker closed the sale of three fully occupied multifamily properties in Chicago’s Edgewater neighborhood. The three sales totaled $10.45 million.
The properties, which were built in 2016, consist of large two- and three-bedroom units with ground-floor NNN commercial space and are predominantly occupied by students due to their proximity to Loyola University.
The deal included the following properties:
- 1244 W. Devon – 11 units, sold for $4.35 million
- 1301 W. Devon– 7 units, sold for $2.95 million
- 1325 W. Devon – 7 units, sold for $3.15 million
Friedman and Parker continue to lead the market in the sale of large and often unconventional properties on the North Side of the city, including the $31.5 million sale of Granville Tower, the $32.3 million sale of the Barry Quad Condominiums, the $16.8 million sale of Brix on Morse, and the $18.3 million sale of Harvard House Condominiums.
