Multifamily is booming, and investors are finding opportunities in the northwest suburbs. Kiser Group, for example, a Chicago-based brokerage firm, recently completed seven Chicago-area apartment sales valued at nearly $32 million. The sales include the $17.45 purchase of Salem Ridge Apartments, a 249-unit, three-building apartment complex in suburban Hoffman Estates.
Kiser Group, Chicago’s leading mid-market commercial real estate brokerage firm, announces seven Chicago-area apartment sales valued at nearly $32 million that closed in the fourth quarter of 2014. The sales include a 249-unit, three-building apartment complex in Hoffman Estates, Ill., and six Chicago properties including a 69-unit mid-rise in South Shore; a 77-unit, two-building portfolio in Hyde Park; a 34-unit walk-up in East Rogers Park; six-flat and a three-flat in Lakeview; and a 16-unit building in South Shore.
Kiser Group senior managing director John Meyer completed the $33M sale of Mount Prospect Greens, a 344-unit, 14-building apartment complex at 1958-2036 W Algonquin Rd in Mount Prospect.
John Meyer's recent sale of Mount Prospect Greens is featured in today's REJournals.
Crain's featured Brian Mond's recent transaction at Salem Ridge in Hoffman Estates.
Senior Managing Director John Meyer's recent sale is featured in today's Globe St article.