Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Kiser Group: Interest in South Side at All-Time High
Year to date, Kiser Group’s Noah Birk and Aaron Sklar have brokered 358 units and 19 apartment buildings throughout Chicago’s South Side. The duo focuses on neighborhoods such as Chatham, Marquette Park, South Shore and Woodlawn.
“So far in 2019, interest levels and activity for multifamily product in Chicago’s South Side neighborhoods have been at an all-time high,” said Birk. “While many may think it has to do with Opportunity Zones, we do not see that investment strategy moving the needle.”
Rather, he continued, “investors that are priced out of other markets are moving their capital into these neighborhoods because of attractive cash-on-cash returns and appreciating property values.”
Pictured: 8118 S. Drexel
Connect Texas Multifamily will take place August 15, 2019 in Dallas. For more information, or to register, click here.
Subscribe to Connect Daily Chicago
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
