Skip to content
Homepage
  • Market
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Advertise
  • Real Estate Awards
  • Login/Register

Kiser Group brokers seven buildings for $2.8M on Chicago’s South Side

July 23, 2018
Share on Facebook Share on Twitter Share on LinkedIn Share via email

Chicago-based mid-market multifamily brokerage Kiser Group recently brokered a four-building portfolio and three other multifamily buildings on Chicago’s south side. With the second quarter closed, senior director Noah Birk and director Aaron Sklar have 30 buildings either sold or under contract throughout south side neighborhoods.

“The values of apartment buildings on the south side have appreciated rapidly, and sale velocity is not slowing down,” said Birk. “Looking at sale data of the nearly 80 south side apartment buildings we’ve sold in the last 18 months, we’re seeing a significant trend of out-of-state investors being attracted to this market.”

Birk and Sklar represented local real estate developer Foreit Properties in the $1,650,000 sale of a 32-unit South Side portfolio. The collection of properties are located at the border of the South Shore and South Chicago neighborhoods: 7754 S. Colfax Avenue, 7830 S. Essex Avenue, 8109 S. Colfax Avenue and 8121 S. Colfax Avenue.

In the Woodlawn neighborhood, Birk and Sklar represented both the buyer, Chicago Shore Fund, and seller, Ash Realty, in a 13-unit building located at 6500-02 S. Cottage Grove Avenue, which sold for $420,000. The team represented Ash Realty in another sale, a 6-unit Englewood building located at 7250 S. Yale, which sold for $260,000. They also negotiated both sides of a $489,500 sale between a local developer and the buyer, Nicki Enterprises, for another 6-unit building located at 5728-30 S. Indiana Avenue.

“Activity on the south side keeps increasing—both on touring properties and the amount of offers we receive,” Sklar said. “Ultimately, the increase in demand continues to boost prices while still providing attractive opportunities for all parties involved.”

Tags
ash realtyChicagochicago shore fundenglewoodforeit propertiesIllinoiskiser groupnicki enterprisessouth chicagosouth shorewoodlawn
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
MinnesotaOffice

CBRE helps Minnesota Department of Employment and Economic Development find new home

March 1, 2021
MinnesotaMultifamily

Zumper report: Minneapolis Apartment rents still climbing back during pandemic

Dan RafterMarch 1, 2021
MinnesotaHealthcare

Davis to develop 400,000-square-foot medical center in Brooklyn Park

March 1, 2021
IowaIndustrial

Des Moines Industrial buys 31 acres as future home for industrial transloading facility

February 26, 2021

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Advertise
  • Office Locations
© 2021 REjournals.com