Sunday, September 14, 2014

Kiser Group Brokers Nine Property Sales of Apartment and Mixed-Use Buildings in Chicago and Evanston, IL Surpassing $20 million

  
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.

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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