10.30.18
Connect Chicago: Kiser Group’s Birk: “Sale Velocity is Not Slowing Down”
Kiser Group recently brokered 17 buildings in October throughout Woodlawn, South Shore and Bronzeville, as the duo of Noah Birk and Aaron Sklar focus their brokerage efforts throughout Chicago’s South Side neighborhoods.
These deals have ranged from multi-building sales arranged by Birk and Sklar, to Birk’s representing buyer and seller of a 28-unit building at 6600 S. Ingleside Ave. in East Woodlawn. “East Woodlawn has been one of the hottest neighborhoods on the South Side,” said Birk.
In general, “The values of apartment buildings on the South Side have appreciated rapidly, and sale velocity is not slowing down,” Birk said. “Looking at sale data of the nearly 80 South Side apartment buildings we’ve sold in the last 18 months, we’re seeing a significant trend of out-of-state investors being attracted to this market.”
Sklar credited “more and more developments coupled with the expansion of the Opportunity Zone” with boosting demand to new levels.
