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Chicago & Midwest  + North Side  + Apartments  | 

Kiser Group in $5M Multifamily Deal in Chicago’s Lakewood Neighborhood

Multifamily specialist Kiser Group has brokered a $4,915,000 sale of a 23-unit property at 924 W. Newport Avenue in Chicago’s Lakeview neighborhood, Kiser announced in a press release.

Director Andy Friedman and Advisor Jake Parker represented both the buyer and seller in this off-market 1031 exchange.

“Lakeview is a tried-and-true core multifamily submarket. It’s a desirable and stable neighborhood that continues to grow,” Kiser Group Director Jake Parker said. “In addition to its incredible location – close to transportation, restaurants and retail options – this property aligned well with our buyer’s portfolio goals and 1031 exchange needs.”

924 W. Newport was renovated in 2017 and offered the buyer a turn-key investment opportunity in the desirable Lakeview neighborhood, Kiser said.

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About Ted Jackson

A highly successful financial journalist, corporate financial writer and magazine entrepreneur with strong expertise in writing on fixed income and pass-through securities (ABS), finance and banking, the economy, economic developments, financial markets, investing and personal finance, the business of behavioral healthcare and more.

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