The Chicago multifamily market has become strong enough to begin drawing investors away from the downtown and into outlying neighborhoods such as South Shore, Pilsen, Edgewater and Logan Square.
Kiser Group officials hope that perks up interest in a 73-unit, 21-building multifamily portfolio on the Northwest Side, marketed as 21 Northwest, they just listed for sale at $8.9M, or about $121K per unit.
A private investment firm assembled the portfolio, spread over the Galewood, North Austin, Belmont Cragin, Hermosa and Logan Square neighborhoods, as well as suburban Elmwood Park.
The properties were built in the past 10 years. The current owners renovated the units between 2009…