01.09.20
MultifamilyBiz: Kiser Group Brokers Sale of 930 North Boulevard in Oak Park, Illinois for $8.3 Million
OAK PARK, IL – Kiser Group, Chicago’s leading multifamily brokerage firm, recently brokered 930 North Blvd., a 48-unit, 7-story property in Oak Park, Illinois, for $8,300,000. Kiser Group’s Matt Halper and Marco Cesario represented the buyer Goldman Investments and Halper represented the seller.
“At $172,916 per door, this is a record-breaking price for an apartment building of this vintage in Oak Park and the near western suburbs rental market. 930 North Blvd. provided a unique opportunity for the buyer due to its location in downtown Oak Park – surrounded by the newer investment grade,” said Broker Matt Halper. “The property, built in the 1960s, had been owned by the same firm for decades and is an appealing value-add investment for the buyer.”
930 North Blvd. features 24 one-bedroom and one-bathroom units and 24 two-bedroom and two-bathroom units. The apartment building also features 31 underground parking spaces and a surface lot with 21 parking spaces.