Kiser Group’s Partners Noah Birk and Aaron Sklar are off to a strong start in 2021 with the sale of five buildings and 127 units, totaling $8,209,500 in sales in the month of January.
Riding on the heels of a strong 2020, Kiser Group’s Birk | Sklar team foresees Chicago’s south and west side multifamily market will continue to pick up in 2021.
“We are seeing record setting prices left and right. After a great start to the year, we’re not seeing any sign of a slow-down,” said Birk. “The Birk | Sklar team currently has 36 buildings listed with 18 in escrow.”
Notable transactions to date include:
South Shore Apartment — this undisclosed 70-unit apartment building sold for $5,200,000.
7849-55 S. Escanaba — located in the South Shore neighborhood, this 30-unit building sold for $1,250,000.
6353 S Langley — located in the Woodlawn neighborhood, the 8-unit apartment building sold for $532,500.
6501 S. Maplewood — located in the Marquette Park neighborhood, the 11-unit apartment building sold for $510,000.
7650 S. Eggleston — located in the Greater Grand Crossing neighborhood of Chicago’s South Side, the 8-unit apartment building sold for $392,000.
“The south and west sides of Chicago should be on every multifamily investor’s hot list,” said Sklar. “From appreciation to rent growth paired with a lower cost of entry into Chicago’s commercial real estate market, there is no shortage of positive momentum throughout these areas.”
Kiser Group’s Birk | Sklar team remains the most active group of brokers throughout the Chicago multifamily market. Team members include Noah Birk, Aaron Sklar, Jack Petrando, Justin Turner, Austin Parker and Michael Yangas.