Kiser Group, a leading brokerage firm, recently completed the successful sale of a 39-unit property in Edgewater. The transaction, valued at $7.6 million, was arranged by brokers Danny Logarakis and Katie LeGrand along with advisor Jacob Price.
The seller of the property was Fairchild Acquisition’s managing partner Sam Grossman who had recently completed a full renovation in 2020. With high-end unit finishes and its proximity to Loyola University, the property boasted an impressive occupancy rate of over 97%.
This sale set a new record for highest price per unit in the area at $195,000 per door for properties built between 1960-1970s in Edgewater/Uptown vicinity. According to Grossman,”Fairchild Acquisition is extremely pleased with Kiser Group’s achievement of this record-setting sale price.” Currently,Kiser Group is marketing other assets from Grossman’s portfolio located in Edgewater/Rogers Park.
The post titled “Kiser Facilitates $7.6M Sale of Edgewater Property” showcases Kiser Group’s expertise and success as they continue to make strides within the real estate market.
