August 7, 2020
Kiser Group recently brokered two separate multifamily transactions on Chicago’s West Side. 1015 N. Pulaski sold for $1,900,000, and 4301 W. Gladys sold for $950,000.
The 32-unit 1015 N. Pulaski is located in Humboldt Park. Kiser Group’s Danny Logarakis and the Birk Sklar team at Kiser Group represented both the buyer and seller.
“Even with 1015 N. Pulaski’s NSP rent restrictions, it traded at a 7% cap rate,” said Logarakis. “Cap rate compression has been a trend that we’ve continued to see all over the West Side.”
4031 W. Gladys is an 18-unit building in West Garfield Park. Kiser Group’s Marco Cesario represented the buyer, and Logarakis represented the seller.
“4031 W. Gladys has been under contract for over a year and due to multiple approvals needed from the City of Chicago, HUD and other agencies, we are proud to have brought this deal to a close,” said Logarakis.
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