Kiser Group Brokers Three Multifamily Deals in Chicago

Kiser Group has closed three real estate transactions by brokers John George and Joe Bianchi.

The first property at 11026 S. Prospect in Morgan Park sold for $120,000 per unit, totaling $1,200,000. With a 100% occupancy rate, the building is situated in a prime location across from the 111th/Morgan Metra Train Station, offering easy access to downtown Chicago.

The second property, 1759 W. 95th, closed at $1,225,000. The mixed-use building, featuring nine apartments and eight retail spaces, attracted an out-of-state buyer.

The third property, 13447 S. Houston, closed for $590,000. It boasts 100% occupancy and features recent renovations. It is also close to nature attractions like Lake Michigan.

“These closings reflect the robust demand for quality real estate investments in Chicago’s South and Southwest neighborhoods,” said John George, Broker at Kiser Group. “Each transaction underscores the value of well-maintained properties in convenient locations, offering investors and tenants alike an exceptional product.”

Don’t miss the Lifetime Achievement Award Presentation and Keynote Interview with G. Joseph Cosenza, Vice Chairman of The Inland Real Estate Group, LLC and President of Inland Real Estate Acquisitions, LLC at Connect Midwest: Multifamily, Affordable, Student & Senior Housing Trends on June 4, 2024, at the W-Chicago, City Center Hotel, Chicago, IL. Register Today to network with your peers!