12.06.19
Connect Chicago: Kiser Group Lists Stabilized Apt. Portfolio on South Side
An 86-unit portfolio on Chicago’s South Side has been listed for sale by Kiser Group. Located at 7928 S. Morgan, 8100 S. Loomis, 7954 S. Laflin, 1305 W. 82nd, 1332 W. 82nd, 8355 S. Sangamon and 6602 S. Winchester, the portfolio is listed for $7,950,000.
Kiser Group’s Noah Birk and Aaron Sklar are marketing the portfolio. The brokerage says the portfolio has been completely renovated to condominium-quality levels, and offers a turnkey, stabilized investment for a new buyer.
“There is major demand from renters for high-end units on the South Side, but buildings like these don’t pop up often. This portfolio commands top of the market rents,” said Birk. “Rents are going for as high as $1,433 per month for three-bedrooms and $1,130 per month for two-bedroom units.”
Sklar added, “The portfolio is an interesting opportunity for out-of-state investors looking to grow their presence in Chicago.”
