Kiser’s Birk | Sklar Team Markets Auburn Gresham Portfolio
Kiser Group’s Birk | Sklar team has brought 7800 S. Laflin, 7086 S. Laflin and 7822 S. Laflin to market in Chicago’s Auburn Gresham neighborhood. The South Side properties comprise 100 rental units and are listed for $6,757,000. Partners Noah Birk and Aaron Sklar are marketing the portfolio.
“It is rare for an investor to be able to acquire this much southside scale in one transaction,” Birk said. “With historically high occupancy and the potential for nearly 20% cash-on-cash returns, these properties will sell quickly.”
“Current ownership has managed and maintained the buildings and units exceptionally well,” said Sklar. “Roughly 50% of the units are subsidized through different organizations including CHA, and nearly 80% of the units have been newly renovated with updated appliances, bathrooms and fixtures in addition to updating the kitchens to include granite countertops.”
Units range from studios to two-bedrooms, with a blended average rent of $1,130.
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).