Kiser Group’s brokers, John George and Joe Bianchi, have successfully closed a notable transaction at 5338 S. Kenneth Avenue in the neighborhood of West Elsdon. The record-breaking price per unit for the area highlights increasing demand in Southwest Chicago’s real estate market. Kiser Group is Chicagoland’s premier commercial real estate brokerage firm specializing in multifamily, mixed-use and development parcels disposition.
The property was sold for $750,000 with an occupancy rate of 100%. Located near Midway airport and boasting limited multifamily buildings nearby makes this rare acquisition an exceptional opportunity for buyers looking to invest on the Southwest side of Chicago where returns are high due to out-of-state investors’ interest.
Bianchi commented: “5338 S Kenneth Avenue perfectly aligns with current market trends we are witnessing – its immediate contract after hitting the market speaks volumes about its desirability.”
