Kiser Group Closes a $4M Portfolio in Chicago Lawn
Kiser Group’s brokers, John George and Joe Bianchi, facilitated the sale of a $4 million portfolio in the Chicago Lawn neighborhood. The portfolio consists of four adjacent buildings in one of Chicago’s rapidly appreciating southwest neighborhoods.
According to Bianchi, “Chicago Lawn offers residents the convenience of living close to downtown with a suburban feel. The area is primarily composed of single-family homes and exudes the charm of a suburban neighborhood.”
The 53-unit portfolio has a mix of seven one-bedroom units, 34 two-bedroom units, 10 three-bedroom units, one four-bedroom unit, and one five-bedroom unit.
“Despite the uncertain market conditions and rising interest rates, Chicago Lawn has demonstrated strong stability and a continuous increase in price per unit across the multifamily sector,” said Bianchi. “The southwest region of Chicago continues to attract out-of-state capital due to promising returns, scarcity of available assets, and increased development throughout the area.”
Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories.
With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.