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Chicago & Midwest  + North Side  + Apartments  | 

POAH Makes Acquisition in East Rogers Park

Levy House, a 57-unit, seven-story apartment building located at 1221 W. Sherwin Ave. in Chicago’s East Rogers Park neighborhood, has sold for $8,100,000. Affordable Housing Investment Brokerage partnered on the listing with Kiser Group so the seller had the benefit of AHIB’s expertise in affordable housing and Kiser Group’s mid-market multifamily expertise in Rogers Park.

Kyle Shoemaker, managing director of AHIB, represented the buyer, Preservation of Affordable Housing (POAH), and the seller, a not-for-profit.

“This is a wonderful property and a great opportunity for us to preserve affordable housing in a rising real estate market,” said Konrad Schlater, POAH’s project manager. “We’re excited to be working in Rogers Park and adding to our growing North Side portfolio.”   

POAH will work with the City of Chicago and Chicago Housing Authority to expand the property’s affordability and execute a rehab and modernization plan. POAH now owns roughly 2,000 apartment units in Chicago.

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About Paul Bubny

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 also 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.

  • ◦Sale/Acquisition
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