Kiser Group Brokers Off-Market Deal for Rogers Park Multifamily
Kiser Group director Danny Logarakis has brokered the $2.75-million off-market sale of 7224 N Rockwell in Chicago’s Rogers Park neighborhood. The 18-unit apartment property has been partially renovated and houses four dorm units for the Hebrew Theological College.
“The building is in a great residential pocket of West Rogers Park,” said Logarakis. “The property at 7224 N Rockwell is located on a quiet, tree lined street, lined with single-family homes.” He added that there are few buildings of this size north of Toughy Avenue, making it highly sought-after.
Logarakis frequently brokers transactions in the area and has seen a change in the prices that properties are trading for. “Buildings in Rogers Park and West Rogers Park are continuing to trade at record prices,” he said.
The buyer, a local investor, purchased the property for $152,778 per unit.
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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