Kiser Group’s Birk | Sklar Team, led by Partners Noah Birk and Aaron Sklar, recently closed The South Shore Portfolio, totaling 101 units, for nearly $10 million.
The portfolio comprises:
- 7419 S Colfax: $3.6 million | 29 units
- 6700 S Chappel: $3 million | 27 units
- 2445 E 72nd: $2.85 million | 45 units
The three properties are all located in Chicago’s South Shore, with a strong focus around Jackson Park.
With the uncertainty of the financial markets, the Birk | Sklar Team has seen increasing interest from buyers looking for large, updated, renovated properties in promising and developing neighborhoods.
The buyer was able to obtain geographic economies of scale, and capitalize on an incredibly strong tenant base, turnkey assets, and plenty of room for rental growth.