Kiser Closes Record-Breaking Deal in West Elsdon

Kiser Group’s brokers, John George, and Joe Bianchi, successfully closed 5338 S. Kenneth Avenue in the neighborhood of West Elsdon. The notable transaction marks a record-breaking price per unit for the neighborhood, underscoring demand in the Southwest neighborhoods of Chicago. Kiser Group is Chicagoland’s leading commercial real estate brokerage firm specializing in the disposition of multifamily, mixed-use, and development parcels.

The final price for the property was $750,000, and the site is currently at a 100 percent occupancy rate. Located just minutes from Midway airport, West Elsdon has limited multifamily buildings, making the rare acquisition of 5338 S. Kenneth Avenue an exceptional opportunity for the buyer.

“The Southwest side of Chicago is experiencing remarkable growth, with notable demand from out-of-state investors seeking high returns,” said Bianchi. “5338 S. Kenneth Avenue perfectly aligns with the market trends we are witnessing, and its immediate contract after hitting the market underscores its desirability.”