Multifamily N Illinois
7038 S. Chappel Avenue, Chicago.

South Side multifamily portfolio seeks $20 million buyer

A 208-unit portfolio in Chicago’s South Shore neighborhood has been listed for sale by Chicago-based multifamily brokerage firm Kiser Group. Located at 7500 S. South Shore Drive, 6916 S. Clyde Avenue and 7038 S. Chappel Avenue, the portfolio is being marketed as a turn-key investment for firms familiar with subsidized tenants and opportunity zones.

Multifamily N Illinois
Last year, Avison Young completed the sale of Kennelly Square, a 268-unit condominium building located in Chicago’s Old Town neighborhood.

Not a passing craze: Deconversions still strong in Chicago

There were two major condo deconversion deals announced in Chicago at the close of 2018: Kiser Group’s deconversion of the 250-unit Flats on LaSalle and the sale of River City, the largest such deal for the market at 449 units. Since then, however, news of these condo-to-rental deals has been slow. Is this a sign that the trend itself is starting to slow down?

Multifamily N Illinois
CRE experts sound off on rent control in Illinois

CRE experts sound off on rent control in Illinois

For more than 20 years, a law on the books in Illinois has prevented any municipality from enacting rent control measures. But with the elections of J.B. Pritzker and Lori Lightfoot, as well as several self-professed socialist Chicago aldermen, the political will may be shifting toward this affordable housing tool.