Kiser Group, Chicago’s leading multifamily brokerage firm, has advised on four separate transactions in Gary, Indiana totaling $1.6 million. Advisor Kyle Sissell represented both the buyer and seller in all transactions.
“I’m thrilled to have brought four transactions to a close so far this year,” said Sissell. “Indiana’s favorable landlord laws and steady rent increases due to demand in Lake and Porter Counties make Northwest Indiana a hot spot for investors locally, regionally and nationally. I anticipate a steady stream of transactions through the remainder of the year.”
Recent Gary, Indiana transactions include:
- 3433 Colfax Street — 40 mobile home spaces located just 30 minutes southeast of Chicago sold in an off-market transaction for $870,270.
- 816 Pennsylvania Street — located in Lake County’s northeastern corner, this 8-unit building sold for $380,000.
- 1164-70 Connecticut Street — this two-building portfolio in Lake County’s northeast corner consists of 18-units and sold for $240,000.
- 1404 Jackson Street— located in Midtown, Gary, this 5-unit property sold for $150,000.
“Multifamily investment interest in Northwest Indiana is increasing from our Chicagoland clients. Kyle’s focus brings new opportunity and expands Kiser Group’s brokerage footprint,” said Kiser Group’s principal and managing broker, Lee Kiser.
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