Chicago & Midwest + Greater Chicagoland + Apartments | January 7, 2021

Kiser Advises on Lockport Apartments Sale

Kiser Group advised on the sale of Lockport South Apartments in Lockport, IL. Located at 551 Diane Ct., the 80-unit multifamily property sold for $7,250,000. Director Matt Halper, advisor Danny Mantis and managing broker Lee Kiser represented both the buyer and seller.

“We are thrilled to round out the year with one of the largest 2020 closings in Will County,” said Kiser. “Especially due to the fact that the total transactions in Will Country were one-third of the transactions compared to 2019.”

Mantis added, “Very few sizable apartment properties come to market in Will County. Lockport South Apartments was owned by the same entity since the 1980s. The property has historically high occupancy and collections, which resulted in dozens of property tours and a competitive bidding process.”

Lockport South Apartments consists of 20 two-bedroom, one-and-a half-bathroom townhouse apartments; 20 two-bedroom, one-bathroom townhouse apartments; and 40 one-bedroom, one-bathroom units.

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About Paul Bubny

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. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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