Multifamily N Illinois

Kiser Group brokers two South Side properties totaling $5.3 million

Kiser Group brokers two South Side properties totaling 5.3 million,ph1
8301 S. Paulina Street, Chicago.

Kiser Group partner, Noah Birk, and senior director, Aaron Sklar, recently brokered the highest price-per-unit in Auburn Gresham at $93,265 per unit. Located at 8301 S. Paulina Street, JVB Holdings Chicago LLC purchased the 26-unit multifamily property for $2,425,000. The brokers represented both the buyer and seller.

“Investors are looking for stabilized, renovated units on the South Side of Chicago,” said Birk. “Auburn Gresham has a limited supply of renovated apartment units allowing the seller to claim higher than average rents for the area resulting in a record-breaking price per unit.”

Birk and Sklar also recently brokered 7000 S. Dorchester Avenue, a 29-unit building, for $2,850,000. The brokers represented both the buyer, Jean RE2 LLC and seller, AG Fund LLC. The duo focuses their brokerage efforts throughout Chicago’s South Side neighborhoods such as Auburn Gresham, Chatham, Marquette Park, South Shore, South Chicago and Woodlawn.