The Kiser Group recently closed on two multifamily sales in Rogers Park. The properties at 2049 W. Jarvis Ave. (pictured) and 7417 N. Clark St. traded for $2.625 million and $1.925 million, respectively, at cap rates of 6.89% and 7.01%. The buyers were not disclosed.

Kiser’s Danny Logarakis and Stevens Haen handled both transactions. In the sale of the 26-unit 2049 W. Jarvis, Haen represented the buyer, while Logarakis represented the seller, City Investors LLC.

For the 19-unit 7417 N. Clark, seller KMA Holdings LLC was represented by Logarakis, and the buyer was once again represented by Haen.

The brokerage is currently marketing a 21-unit multifamily property elsewhere in the Rogers Park community, which it describes as “a gem in Chicago’s North Side neighborhoods.”


Read Article Here