Kiser Group Brokers Record-Setting South Side Portfolio Sales
Kiser Group’s Birk | Sklar Team recently closed the sales of two South Side portfolios totaling nine properties and more than 140 units. The record-setting transactions took place in Chicago’s Marquette Park and Chatham neighborhoods within one week.
The 44-unit Marquette Park portfolio sold for $2.675 million. According to CoStar, this is the largest multifamily transaction in Marquette Park in 2022.
“Marquette Park is seeing a huge increase in investor interest,” said Kiser Group partner Noah Birk. “Prices are increasing and time on market is certainly decreasing.”
Comprising 97 units, the Chatham portfolio traded for $5.25 million. It was Chatham’s largest multifamily sale in five years, per CoStar.
Partner Aaron Sklar said the Chatham portfolio buyer was able to capture “an immediate market presence while also taking advantage of economies of scale in one of Chicago’s most promising South Side neighborhoods.”
- ◦Sale/Acquisition
