Connect Media > Chicago News > South Side > South Shore Portfolio Seeks Buyer That Knows O-Zones

May 23, 2019 Comments Off on South Shore Portfolio Seeks Buyer That Knows O-Zones Views: 803 Chicago News, South Side

South Shore Portfolio Seeks Buyer That Knows O-Zones

Order Reprints...

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.”

The Connect Apartments Conference will take place June 20, 2019 in Los Angeles. For more information, or to register, click here.

Connect With Kiser Group’s Birk

Connect With Kiser Group’s Sklar

Get Chicago News in 150 Words

For comments, questions or concerns, please contact Paul Bubny

Tags: , ,

Comments are closed.