Kiser Group Brokers $8M Sale of Hyde Park Multifamily Portfolio

Kiser Group has successfully brokered the sale of a two-building multifamily portfolio near the University of Chicago for $8,000,000. The transaction highlights the continued demand for well-located multifamily assets in the area.

The portfolio includes 5111 S. University (41 units), and 5135 S. Blackstone (36 units), totaling 77 units. The buildings are situated on residential streets in Hyde Park and feature a mix of studio and one-bedroom apartments. With a 98% occupancy rate, the properties reflect the area’s strong demand for rental housing. TLC Management sold the portfolio to Harbor Property Management LLC, a firm that already owns nearby assets and saw an opportunity to scale its presence in the neighborhood.

Kiser Group’s Midwest team—Lee Kiser, Kyle Sissell, and Will Cornish—represented the seller, TLC Management, while Katie LeGrand and Jacob Price represented the buyer, Harbor Property Management LLC. The buildings’ proximity to the University of Chicago, combined with continued rent growth and strong local demographics, made this an attractive investment. Kiser Group brokers quickly secured a reputable buyer, allowing the transaction to proceed efficiently.

“This transaction underscores the strength of the Hyde Park rental market and the continued investor interest in well-located assets,” said Katie LeGrand, Broker at Kiser Group. “We were pleased to bring in a buyer who could immediately scale and capitalize on the long-term upside.”

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