CHICAGO, IL – Kiser Group, Chicago’s leading mid-market multifamily brokerage firm, recently brokered a $2.5 million deal at 7001 S. Chappel Ave. in Chicago’s South Shore neighborhood. The 22-unit deal was brokered by Kiser Group’s Senior Director Noah Birk and Director Aaron Sklar. A California-based investor purchased the portfolio from a local owner.
“At $113,000 per unit, this is the highest price per unit by a decent margin we’ve seen in South Shore,” said Kiser Group Senior Director Noah Birk.
“In the deals we’ve recently been involved in, there has been an uptick in out-of-state investor interest,” said Kiser Group Director Aaron Sklar. “Not only is the cost of entry lower than neighboring areas on the North Side, returns seen on the South Side are nearly double.”