**Kiser Group Brokers $5.7M Multifamily Deal in Edgewater**
Kiser Group has successfully closed a $5.7 million multifamily transaction in Chicago’s Edgewater neighborhood. The deal was brokered by Kiser Group Advisors Jacob Price and Katie LeGrand.
The fully occupied building features a mix of one-, two-, and three-bedroom units. Previously a condominium deconversion, the property offered a compelling value-add investment opportunity. The buyer was particularly interested in the asset’s strategic location, with close proximity to both their existing holdings and neighborhood amenities, including Loyola University and convenient public transit options.
“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 a historically low inventory of multifamily properties in Chicago’s North Side, Edgewater continues to attract investors looking for stable, well-located buildings with value-add potential.
Katie LeGrand added, “The amount of activity we saw shows that the market is still very active when the right opportunity comes along.”
Don’t miss the upcoming Lifetime Achievement Award Presentation and Keynote Interview at Connect Midwest Multifamily 2025. The event will feature Greg Mutz, Chairman & CEO of AMLI Residential Partners, LLC, in conversation with Fred Schreiber, Chief Operating Officer. The event takes place on June 4, 2025, at The Midland Hotel in Chicago, IL. Register today to connect with industry peers.
