Multifamily N Illinois
1305 W. 82nd Street, Chicago.

Kiser Group marketing 86-unit South Side portfolio in Chicago

An 86-unit portfolio on Chicago’s South Side has been listed for sale by Chicago-based multifamily brokerage firm Kiser Group. Comprising six Auburn Gresham properties and one West Englewood property, the portfolio is listed for $7,950,000 and represented by Kiser Group’s partner, Noah Birk, and senior director, Aaron Sklar. The portfolio has been completely renovated to condo-quality levels and offers a turn-key, stabilized investment for a new buyer.

Industrial N Illinois
Lee & Associates brokers $3.45M industrial sale in Bedford Park

Lee & Associates brokers $3.45M industrial sale in Bedford Park

Lee & Associates has closed a $3.45 million sale transaction for a 70,000 industrial building located at 6660 S. Nashville Avenue in Bedford Park, Illinois. Sean Austin, vice president, and Walter Murphy, principal, of Lee & Associates’ Illinois office, represented the buyer, Ravenswood Disposal Service, Inc. Ed Wabick and Marc Hale of Paine Wetzel represented the seller, Fleetpark, LLC.

Multifamily N Illinois
Pilsen multifamily sells for $1.3M

Pilsen multifamily sells for $1.3M

A six-unit multifamily building sold at 1644 W. 21st Street in Chicago’s Pilsen neighborhood. Paul Cawthon and Angelo Labriola of the Cawthon-Labriola Group at SVN Chicago Commercial were the sole brokers in the transaction. The asset sold for $1,295,000 prior to being listed on the open market.

Net Lease N Illinois
Property with high-end furniture tenant sells in Chicago

Property with high-end furniture tenant sells in Chicago

JLL closed the sale of a 9,794-square-foot, single-tenant retail property that is triple net leased to Walter E. Smithe, a family-owned and -operated local furniture business with four generations of experience. JLL marketed the property on behalf of the seller, a Chicago-based private partnership, and procured the buyer, a California-based family office, which purchased the asset in a 1031 exchange.

Multifamily N Illinois
Essex Realty Group brokers the sale of 12 units in Alsip, IL for $880,000

Essex Realty Group brokers the sale of 12 units in Alsip, IL for $880,000

Essex Realty Group’s Brian Kochendorfer, Troy Beebe and Derek Kaptanoglu were the brokers for the sale of 3922 W. 115th Place in Alsip, Illinois. The 12-unit apartment building, which sold for $880,000, consists of two one-bedroom/one-bathroom and 10 two-bedroom/one-bathroom units. Recent improvements to the property include a new intercom system, new gutters and a new tear-off pitched roof.

CRE N Illinois
Jed Levenstein;Wurkwel Ventures

Wurkwel Ventures names new vice president

Chicago-based Wurkwel Ventures, a holding company that focuses on the needs of corporate tenants when expanding, relocating or downsizing their offices, has expanded its executive leadership team. Wurkwel Ventures has hired Jed Levenstein as its new vice president.

Multifamily N Illinois
Belmont-Craigin multifamily sells at $1.2M

Belmont-Craigin multifamily sells at $1.2M

A 12-unit multifamily building at 5203 W. Wolfram Street in Chicago’s Belmont-Cragin neighborhood sold for $1,225,000. SVN Chicago Commercial advisors David Miller, Paul Cawthon and Angelo Labriola represented the seller in the transaction while SVN Chicago Commercial advisor Dawn Overstreet represented the buyer.

CRE N Illinois
State Street's historic Waterman Building seeking buyer

State Street's historic Waterman Building seeking buyer

The Waterman Building, a 31,000-square-foot, seven-story building located at 127 S. State Street in Chicago, is now being marketed for sale by Essex Realty Group, Inc. Adjacent to the Palmer House Hilton Hotel and surrounded by a wide array of shopping and dining options, the 100-year-old-building is seeking $4,950,000.