11.06.24

Kiser Group Lists 141-Unit Premier Multifamily Property in Hyde Park

Kiser Group is pleased to announce the listing of a highly desirable multifamily property in Chicago’s Hyde Park neighborhood, led by brokers Lee Kiser, Kyle Sissell, and Will Cornish. This offering, located in one of the city’s most vibrant and growth-oriented neighborhoods, features 141 units across three buildings. With a mix of studios and one-bedroom apartments and an impressive 95% occupancy rate, the property represents an attractive opportunity for investors.

Situated in the heart of Hyde Park and in close proximity to the University of Chicago, the property benefits from a strong tenant base driven by major employers and a world-renowned university. Hyde Park’s unique appeal is further enhanced by its proximity to daily conveniences, cultural attractions, and entertainment options. The property also offers value-add potential, with the ongoing implementation of an enhancement program designed to increase long-term value for investors.

Hyde Park’s multifamily market has become one of the most sought-after on Chicago’s South Side, driven by limited new supply and robust demand from University of Chicago affiliates and neighborhood residents. “The location’s continued development and the presence of multibillion-dollar projects in the vicinity highlight the area’s economic growth and appeal to both long-term investors and new entrants to the market,” says Will Conrish. “This property exemplifies the type of asset that investors seek for portfolio diversification in an established, high-demand location.”

Click here to read the full story by Chicago Business Journal 

Author:

Kiser Group Staff