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Chicago & Midwest  + South Side  + Opportunity Zones  | 

South Shore Portfolio Seeks Buyer That Knows O-Zones

A 208-unit portfolio in South Shore has been listed for sale by the Kiser Group. Located at 7500 S. South Shore Dr., 6916 S. Clyde Ave. and 7038 S. Chappel Ave., the portfolio is listed for $20 million and represented by Kiser Group’s Noah Birk and Aaron Sklar.

The marketing is aimed at investors familiar with subsidized tenants and Opportunity Zones.

“This is a rare opportunity to acquire over 200 renovated units in the South Shore neighborhood of Chicago,” said Birk. “We are anticipating out-of-state investor interest, particularly from investment firms familiar with working with various subsidies and looking to grow their presence in Chicago.”

Sklar added that the portfolio represented “a turnkey investment with strong cash flow, giving any investor immediate scale in a rapidly growing neighborhood. Chicago’s South Side multifamily market continues to be more and more active with strong rent growth, property appreciation and Opportunity Zone interest.”

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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 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