I’m frequently asked which neighborhoods I think are best suited for condominium deconversions, and why. Perhaps as interesting are areas that generally won’t work well, and neighborhoods throughout the south side of Chicago are a great example of this. At first...
The Federal Reserve announced yesterday that interest rates had been lowered. There has been an anticipation of the Fed dropping rates, and the market was expecting a 25 basis point reduction. What does it mean for multifamily investors? Stronger Cash-On-Cash...
By Lee Kiser, Kiser Group When calling a successful portfolio owner for a listing, every commercial real estate broker can tell you the most common phrase they hear: “I would sell if I had a place to put the money.” Typically these owners do not sell property but...
Before buying a “starter” condo, we need to explore the history of the building and how that impacts your investment. The housing bubble in the mid-2000s created a massive amount of “new” condominiums in Chicago. Developers purchased vintage (pre-1929 construction)...
By Andy Friedman, Kiser Group It already feels like 2018 is a distant memory as we enter the second month of the new year. Reflecting on last year, I thought I’d share some ideas on topics I find relevant and interesting and share why they are still on my radar for...
