Kiser Group Brokers 11 Building Portfolio in East Rogers Park for $28.5 Million 

30 September 2019
Kiser Group Brokers 11 Building Portfolio in East Rogers Park for $28.5 Million 

Kiser Group, Chicago’s leading multifamily brokerage firm, recently sold The Collection on East Lake Terrace, an 11-building, 181-unit portfolio in East Rogers Park. Becovic Management Group acquired the properties for $28.5 million from seller Lee Street Management, who assembled The Collection on East Lake Terrace over a two-decade time frame. Kiser Group’s Principal and Managing Broker Lee Kiser and brokers Danny Mantis and Patrick O’Brien represented both the buyer and seller.

  

 “The Collection on East Lake Terrace is unique because of its scale, assemblage, and geographic concentration,” said Principal and Managing Broker Lee Kiser. 

 

“Eastlake Terrace is a hidden gem, not just in Rogers Park but in the city,” said Sal Becovic of Becovic Management Group. “We want to be long-term stewards of these properties. We want to invest in them and in the neighborhood.”

 

Floorplans in the 11 buildings range from studio to four-bedroom units and rents range from $650 to $3,500 per month.

 

The Collection On East Lake Terrace Portfolio

  • 7737 N. Eastlake Terrace features 10 units. Floorplans include one- and two-bedroom units with rents ranging from $900 to $1,380.
  • 7736-42 N. Eastlake Terrace features 24 units. Floorplans include studio and one-bedroom units with rents ranging from $780 to $990.
  • 7642-48 N. Eastlake Terrace features 16 units. Floorplans include one- and two-bedroom units with rents ranging from $1,105 to $1,480.
  • 7630-38 N. Eastlake Terrace features 21 units. Floorplans include one- and two-bedroom units with rents ranging from $860 to $1,280.
  • 7618-26 N. Eastlake Terrace features 32 units. Floorplans include one- and two-bedroom units with rents ranging from $830 to $1,300.
  • 7606 N. Eastlake Terrace features 12 units. The rents range for one-bedroom units is $725 to $880.
  • 7516-18 N. Eastlake Terrace features 8 units. Floorplans include studio, one- and three-bedroom units with rents ranging from $800 to $2,035.
  • 7510-14 N. Eastlake Terrace features 17 units. Floorplans include studio, one- and two-bedroom units with rents ranging from $650 to $1,540.
  • 1304 W. Birchwood Ave. features 4 units. Floorplans include three- and four-bedroom units with rents ranging from $1,920 to $3,500.
  • 1310-20 W. Birchwood Ave. features 22 units. Floorplans include one- and two-bedroom units with rents ranging from $960 to $1,280.
  • 1310-18 Howard St. features 15 units. Floorplans include one- and two-bedroom units with rents ranging from $1,030 to $1,680.

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