
Kiser Group’s Birk | Sklar Team Lists 62-Unit Grand Crossing Multifamily
Kiser Group’s Birk | Sklar Team has listed 6800 S Dorchester for sale in Grand Crossing on Chicago’s South Side. The 62-unit apartment property, listed at $5.95 million, is within blocks of Chicago’s Rebuild Foundation and the newly developing Obama Presidential Center.
“The property is situated in a pocket of Grand Crossing where there’s a ton of new development,” said partner Aaron Sklar. “It’s at the center of new art developments in Chicago, just due west of Jackson Park..”
The property gives the buyer an opportunity to gradually update remaining units for an even higher return on an already stabilized cash-flowing asset with long-term tenancy.
“The location of this property is what makes it incredibly unique,” Sklar added. “The new art incubator spearheaded by Theaster Gates is slated to open in 2023, which will further define the area as a desirable hub for culture and arts.”
- ◦Sale/Acquisition