
Birk | Sklar Team Sets Pricing Record in Washington Park Sale
Kiser Group’s Birk | Sklar team brokered the sale of 724 E. 50th Pl. a six-unit property in the South Side’s Washington Park neighborhood. The property sold for $1,225,000, a new record price for the neighborhood at nearly $205,000 per unit.
Comprised of Noah Birk, Aaron Sklar, Jack Petrando, Austin Parker, Justin Turner, Michael Yangas and Ben Goldman, the team is still on pace to have its most active year, brokering 685 units across 42 apartment buildings year-to-date on Chicago’s South and West Sides.
“We’re continuing to see record-breaking prices throughout the South Side of Chicago,” said Birk. “This Washington Park deal is not only the highest price-per-door for the area, but also the surrounding neighborhoods. Capital is available and interest rates are low resulting in surging demand for investors seeking high cap rate deals.”
- ◦Sale/Acquisition