Multifamily – Commercial Real Estate News

Things to Consider when Purchasing a Multi-Unit Commercial Property

September 19, 2018

Contributing Author: Michael McGovern

An enormous amount of concern goes into the decision to purchase and renovate multi-unit property and therefore becoming a landlord. Additionally, providing pro-active property management and the necessity of being on call can affect all aspects of life yet the rewards of creating quality housing while realizing a generous financial return can provide quite a benefit offsetting these demands.

Before agreeing to accept this business model and lifestyle it is critical to fully understand the process, therefore increasing the odds of having a financially and personally rewarding experience. It is also of great value to work with an experienced, licensed Real Estate Broker who can assist with the entire process from site selection to document review. Continue reading Things to Consider when Purchasing a Multi-Unit Commercial Property

LDCRE’s Roundtable Discussion on 2018 CRE State of the Market with Jeff Rowlett, Sean Lyons, and Nick Miner

January 14, 2018

Say I inherit $25,000,000 and it has to be invested in Commercial Real Estate before the close of 2018; where should I invest in Commercial Real Estate?

LDCRE conducts a Roundtable discussion on the commercial real estate state of the market with three leading commercial real estate brokers, all of whom are all in the trenches every day. Nick Miner,CCIM is Senior Vice President at ORION Investment Real Estate, Sean Lyons is a Founding Partner at Triad Real Estate Partners, and Jeff Rowlett is a leading Investment Advisor at Marcus & Millichap serving private capital investors in Chicago, Milwaukee and nationwide. Continue reading LDCRE’s Roundtable Discussion on 2018 CRE State of the Market with Jeff Rowlett, Sean Lyons, and Nick Miner

Kiser Group Sells 19 Unit Washington Heights Apartment for $710,000

November 12, 2015

9300 S. Bishop in Washington Heights Sold For $710,000

This 19-unit building located at 9300 S. Bishop is in the heart of Washington Heights which has seen vast redevelopments in recent years, including one of the largest single family home developments in the city, The Renaissance at Beverly Ridge. The property is comprised of three two-bedroom, one-bath units (875 SF), 13 one-bedroom, one-bath units (715 SF) and three studios (500 SF). Each unit has updated kitchens with new appliances and cabinetry and refurbished bathrooms. The building also has new windows, boiler, hot water heater and porches.

“This cash flowing asset performs exceptionally well and will require little to no improvements for the new owner,” said Kiser Group Broker Noah Birk who represented the list and buy side in the transaction. “This is a rare opportunity to own a beautifully maintained building in a newly changing South Side neighborhood.”

This exclusive Kiser Group listing sold for $710,000 on October 2, 2015.

For More Information Contact: Kari Hornfeldt,

khornfeldt@kisergroup.com, 773-293-5060

File under: Multifamily Listings

Kiser Group Sells 10 Unit Apartment Building in Irving Park, IL for $1.45M

3821 N. Monticello in Irving Park Sold for $1,450,000

Located in Chicago’s Irving Park neighborhood, 3821 N. Monticello is situated on a quiet, one-way residential street surrounded primarily by single-family homes and two-flats. Nine of the ten units have two bedrooms and one bathroom and newly renovated kitchens with stainless steel appliances, granite and maple cabinets. A tenth one-bedroom, one-bath garden unit was recently added to utilize excess space in the basement. All of the units have separate furnaces and the tenants pay their own utilities. Continue reading Kiser Group Sells 10 Unit Apartment Building in Irving Park, IL for $1.45M

Kiser Group Sells 12/34 REO Townhouses in Schiller Park, IL

3601-05 W. 53^rd Street in Schiller Park Sold for $1,325,000

The 3601-05 W. 53rd Street sale consisted of 12 bank-owned, new construction, partial-townhouse project of 34 total units near Midway Airport. The units all have modern finishing including stainless steel appliances, granite countertops and cherry cabinets. The living rooms feature fireplaces with large picture windows and an open floor plan. All the units are comprised of three bedrooms with two full and two half bathrooms, a partial basement and two-car garage. Located in the Village of Schiller Park, the townhomes are a half mile to the Pulaski Metra Stop and exactly one mile to the Kedzie Orange Line. Pulaski Road is a five minute walk away and features many popular restaurants. Continue reading Kiser Group Sells 12/34 REO Townhouses in Schiller Park, IL

Spotlight Interview: Sean Lyons, Founding Partner at Triad Real Estate Partners

November 03, 2015

Sean is a Founding Partner at Triad Real Estate Partners. He has close to 15 years of experience selling investment real estate, both in Chicago and throughout the country. Before starting Triad, Sean was a Senior Associate at Marcus & Millichap. As a Director of its National Multi Housing Group, he concentrated his efforts on selling Chicago apartment properties and in several tertiary markets throughout The Midwest. He has also serviced his clients by diversifying their real estate investment portfolios and helping facilitate their 1031 Exchanges into other product types, including Single-Tenant and Multi-Tenant Retail, Office, and Industrial Investments. Sean and his two partners at Triad, Shaun Buss and Ryan Tobias, have brokered the sale of more than $850 million of investment property, in over 175 transactions, including 4,000+ apartment and student housing units.

LD: What career path did you want to take when you were in college? Continue reading Spotlight Interview: Sean Lyons, Founding Partner at Triad Real Estate Partners

Spotlight Interview: Lee Kiser: Principal/Managing Broker, Kiser Group / Principal KIG / Principal, KIG Analytics

October 21, 2015

Lee Kiser co-founded Kiser Group with his partner Estella Kiser, in 2005, and has developed the company into the most recognized brand in Chicagoland for mid-market multi-family commercial real estate brokerage. Kiser Group currently has 23 staff members.

LD: Congratulations on Kiser Group’s 10-year anniversary! Your team has a very impressive track record for selling apartments throughout the Greater Chicagoland area. Can you tell us a little bit about how Kiser Group distinguishes itself from other commercial real estate brokerage firms?

LK: Kiser Group brokers are the most highly educated, best-trained agents in the market. Our brokers’ ability to lead their clients to solid investments is unrivaled. Another differentiator is that Kiser Group provides its agents with everything they need to help their clients, including the latest technology, research, and marketing tools. No other firm in Chicagoland knows multi-family investment like Kiser Group. Continue reading Spotlight Interview: Lee Kiser: Principal/Managing Broker, Kiser Group / Principal KIG / Principal, KIG Analytics