CHICAGO, IL - Kiser Group is pleased to announce the successful closing of a multifamily property at 434 West Wellington, located in Chicago’s highly sought-after Lakeview neighborhood. The property sold for $10,850,000 on August 11, 2025, following a highly competitive marketing process that began on April 30, 2025.
This transaction is particularly notable as it represents one of only a dozen Lakeview multifamily sales of over 60 units in the past five years, highlighting the limited supply of large-scale investment opportunities in the submarket. At the time of sale, the property was 98% occupied.
Kiser Group brokers Lee Kiser, Principal and Designated Managing Broker; Andy Friedman, Partner; Jake Parker, Senior Director; and Viktor Radzieta, Advisor; represented the seller, TLC Management, in the transaction. The buyer was J&J Equities, who plans to renovate units and enhance common areas to further elevate the resident experience.
“Lakeview continues to demonstrate tremendous fundamentals, with strong renter demand and some of the highest rent growth in the city,” said Parker. “Assets of this size rarely trade in this submarket, and the level of interest we saw reflected that scarcity.”
“We were thrilled with the market response — over 35 property tours and multiple competitive offers,” added Andy Friedman of Kiser Group. “The buyer’s plan to improve the property through renovations and enhancements will only strengthen its long-term appeal.”
Chicago’s North Side neighborhoods, including Lakeview, are experiencing aggressive rent growth, particularly in modernized and renovated units. Investors are increasingly targeting value-add opportunities to capitalize on this trend by upgrading finishes, expanding amenities, and enhancing the overall resident experience.