Kiser Group has closed a $5.7 million multifamily transaction in Chicago’s Edgewater neighborhood, led by Advisors Jacob Price and Katie LeGrand.
The 100% occupied property features a unit mix of one-, two-, and three-bedroom apartments. A former condo deconversion, the building presented a rare opportunity for value-add investors. The buyer was drawn to the property for its strategic proximity to their existing portfolio, nearby Loyola University, and public transportation access.
“This asset checked all the boxes for today’s North Side investors: location, layout, and long-term upside,” said Jacob Price. “With over 30 tours and 10 offers, the demand spoke for itself.” Despite historically low inventory across Chicago’s North Side neighborhoods, Edgewater continues to see strong demand from investors targeting stable, well-located multifamily assets with value-add potential.
“The amount of activity we saw shows that the market is still very active when the right opportunity comes along,” added Katie LeGrand.
Don’t miss the Lifetime Achievement Award Presentation and Keynote Interview with Greg Mutz, Chairman & CEO of Amli Residential Partners, LLC and Keynote Interviewer Fred Schreiber, Chief Operating Officer at Connect Midwest Multifamily on June 4, 2025, at The Midland Hotel, Chicago, IL. Register Today to network with your peers!
The post Kiser Group Brokers Edgewater Multifamily Deal appeared first on Connect CRE.
