Kiser Group’s Birk | Sklar team celebrated an active year with the sale of 40 buildings totaling 805 multifamily units. In the last five years, partners Noah Birk and Aaron Sklar have sold more than 200 apartment buildings throughout Chicago’s South and West Side neighborhoods.
“While 2020 presented a number of challenges throughout the real estate industry, I am incredibly proud of our team for selling 40 apartment buildings this year,” said Birk. “The demand for cash-flowing multifamily buildings is as high as I can recall, and 2020 saw the south and west sides of Chicago strongly benefit from that demand.”
The Birk | Sklar team brokered the sale of a 208-unit South Shore portfolio comprised of 7500 S. Shore Drive, 6914 S. Clyde Avenue and 7038 S. Chappel Avenue for $18,400,000. Other noteworthy transactions in 2020 include an undisclosed 70-unit apartment building in South Shore that sold for $5,200,000, the 19-unit 544 E. Oakwood Boulevard in Bronzeville that sold for $2,350,000, the 27-unit 7420 S. Colfax Avenue in South Shore that sold for $2,025,000 and 1015 N. Pulaski Road, a 32-unit Humboldt Park building that sold for $1,900,000.
“The South Side of Chicago continues to be an incredibly active multifamily market. We have seen many new investors enter the market this year,” said Sklar. “Investors continue to see appreciation and rent growth throughout the area, which continues to fuel growing local, out-of-state and international investor interest.”
