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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.
Pictured: 7800 S. Laflin.
- ◦Sale/Acquisition
