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| Lee Kiser |
CHICAGO, IL – Kiser Group, Chicago’s leading mid-market
commercial real estate brokerage firm, announces nine Chicago-area property
sales that closed in July and August 2014.
The largest closing was a 206-unit, four-building portfolio
in Chicago’s South Shore neighborhood.
Other Chicago sales include a 24-unit multi-family building
near DePaul University in Lincoln Park; two 19-unit mixed-use buildings: one in
Logan Square and the other in Ravenswood Manor; three six-unit apartment
buildings in Woodlawn; a six-unit apartment building in Washington Park; and an
eight-unit apartment building in northwest Evanston, Ill.
Jeffery Portfolio –
South Shore
Located at the intersection of 71st and Jeffery Boulevard in
the South Shore neighborhood, this 206-unit portfolio, which includes 198
apartments and eight retail stores, sold for $7.05 million. It includes four
vintage buildings: 1962 E. 71st Place (52 apartments and five retail stores),
7130 S. Jeffery (60 apartments and three retail spaces), 7147 S. Jeffery (38
apartments) and 7144 S. Jeffery (49 apartments and 41 parking spaces). The
portfolio includes studios, one-, two- and three-bedroom units, and is
professionally managed and maintained.
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| Noah Birk |
“These apartments offer 1920s character as well as modern
living comforts since they were completely renovated in the early 1990s,” said Lee
Kiser, principal of Kiser Group. He and Noah Birk, managing director
of Kiser Group, represented the seller in the transaction.
“The location was also a key selling point as the buildings
are located near neighborhood shopping and the Metra station,” said Sean
Connelly, senior managing director of Kiser Group, who represented the
buyer in the transaction.
“Also, CTA bus lines directly in front of the
buildings offer north-south or east-west travel.”
For a complete copy
of the company’s news release, please contact:
Mark Thomton, mthomton@taylorjohnson.com,
312-267-4523
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