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.”
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).