X
Upcoming Stories
Chicago & Midwest CRE News In Your Inbox .

Chicago & Midwest   /   January 21, 2021

Paul Bubny
By: Paul Bubny

POAH Makes Acquisition in East Rogers Park

Levy House, a 57-unit, seven-story apartment building located at 1221 W. Sherwin Ave. in Chicago’s East Rogers Park neighborhood, has sold for $8,100,000. Affordable Housing Investment Brokerage partnered on the listing with Kiser Group so the seller had the benefit of AHIB’s expertise in affordable housing and Kiser Group’s mid-market multifamily expertise in Rogers Park.

Kyle Shoemaker, managing director of AHIB, represented the buyer, Preservation of Affordable Housing (POAH), and the seller, a not-for-profit.

“This is a wonderful property and a great opportunity for us to preserve affordable housing in a rising real estate market,” said Konrad Schlater, POAH’s project manager. “We’re excited to be working in Rogers Park and adding to our growing North Side portfolio.”   

POAH will work with the City of Chicago and Chicago Housing Authority to expand the property’s affordability and execute a rehab and modernization plan. POAH now owns roughly 2,000 apartment units in Chicago.

Connect
Inside The Story
About the Author

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
Email the Author

New call-to-action
© ConnectCRE 2021 / 515 S Figueroa St., Suite 350, Los Angeles, CA 90071.
Contact Us / Policies, Privacy & DisclosuresSubmit Press Release / 
magnifiermenu