Kiser Group’s Birk | Sklar team has brought 7800 S. Laflin, 7086 S.Lafin and 7822 S.Laflin to market in Chicago’s Auburn Gresham neighborhood. The southside properties comprise 100-units and are listed for $6,757,000. Partners Noah Birk and Aaron Sklar are marketing the portfolio.
“It is rare for an investor to be able to acquire this much southside scale in one transaction,” said Noah Birk, Partner at Kiser Group. “With historically high occupancy and the potential for nearly 20% cash-on-cash returns, these properties will sell quickly.”
“Current ownership has managed and maintained the buildings and units exceptionally well,” said Aaron Sklar, Partner at Kiser Group. “Roughly 50% of the units are subsidized through different organizations including CHA, and nearly 80% of the units have been newly renovated with updated appliances, bathrooms and fixtures in addition to updating the kitchens to include granite countertops.”
Units range from studios to two-bedroom apartments with a blended average rent of $1,130.
Kiser Group’s Birk | Sklar team includes Noah Birk, Aaron Sklar, Jack Petrando, Austin Parker, Justin Turner, Michael Yangas and Ben Goldman.