Kiser Group Announces Successful Closing of 5338 S. Kenneth Ave at Record-Breaking Price in Southwest Neighborhood of Chicago

CHICAGO, IL - Kiser Group's brokers, John George and Joe Bianchi are pleased to announce the successful closing of 5338 S. Kenneth Ave in the vibrant neighborhood of West Elsdon. This notable transaction marks a record-breaking price per unit for the neighborhood, further showcasing the growing demand in the Southwest neighborhoods of Chicago.

The final price for the property was $750,000, reflecting the strong potential for appreciation in the area. With a current occupancy rate of 100%, this property demonstrates its attractiveness to investors seeking stable income streams.

Situated just minutes from Midway airport, West Elsdon boasts a unique charm. Unlike many other neighborhoods in the area, West Elsdon has limited multifamily buildings, primarily consisting of single-family homes. This rarity makes the acquisition of 5338 S. Kenneth Ave an exceptional opportunity for the buyer.

"The Southwest side of Chicago is experiencing remarkable growth, with notable demand from out-of-state investors seeking high returns," said Bianchi. "5338 S. Kenneth Ave perfectly aligns with the market trends we are witnessing, and its immediate contract after hitting the market underscores its desirability."

TRENDING

365 Connect Leads Multifamily Housing Industry in Web Accessibility with WCAG 2.2 Certification Across Its Entire Platform NEW ORLEANS, LA - 365 Connect, the leader in delivering the world's most sophisticated automated marketing, leasing, and resident engagement platform for multifamily communities across the globe, announced its transition to the latest Web Content Accessibility Guidelines (WCAG) Version 2.2....

More Stories

Get The Newsletter

Get The Newsletter

The latest multifamily industry news delivered to your inbox.