Kiser Group Brokers Close Four Significant Multifamily Transactions in Just Three Weeks

Kiser Group is proud to announce that brokers Jack Petrando and Noah Clark have successfully closed four significant multifamily transactions in just three weeks. These deals underscore the firm’s expertise in navigating Chicago’s competitive real estate market, particularly on the West and South Sides.

• 1444 S. Trumbull, Lawndale
  • Sale Price: $84,000 per unit
  • Total Units: 9
  • Occupancy: Fully occupied
  • Closing Date: August 30, 2024
  • Details: A turnkey, stabilized property with Section 8 tenants, offering consistent income for the buyer.

• 201 S. Laramie, Austin
  • Sale Price: $390,000
  • Total Units: 6
  • Occupancy: 50%
  • Closing Date: August 21, 2024
  • Details: A value-add opportunity in the Austin neighborhood, presenting significant upside potential for the buyer.

• 3115 W. Washington, East Garfield Park
  • Sale Price: $450,000
  • Total Units: 6
  • Occupancy: 100%
  • Closing Date: August 16, 2024
  • Details: This vintage building received multiple offers and closed within 45 days in a cash deal. East Garfield Park is experiencing tremendous growth, making this property highly desirable.

• 8917 S. Cottage Grove, Chatham
  • Sale Price: $750,000
  • Total Units: 12
  • Occupancy: 85%
  • Closing Date: August 21, 2024
  • Details: This fully occupied property garnered multiple offers, reflecting the strong demand for  value-add multifamily assets on Chicago’s South Side.

Chicago’s West and South Sides continue to attract investors seeking both value-add opportunities and stable, income-generating properties. The Trumbull property exemplifies the appeal of turnkey assets with consistent income streams, while the Washington deal highlights the growing interest in East Garfield Park’s vintage buildings, especially those requiring rehabilitation.

“Demand remains robust across these neighborhoods,” said Jack Petrando. “We’re seeing a mix of interest in both stabilized properties and those with significant upside potential.”

Click here to read the full story by Connect CRE

Click here to read the full story by Chicago Business Journal