Kiser Group Brokers Jacob Price and Katie LeGrand Close $5.7M Edgewater Multifamily Deal

Kiser Group is pleased to announce the successful closing of a $5,700,000 multifamily transaction in Chicago’s Edgewater neighborhood, led by Advisors Jacob Price and Katie LeGrand. The 100% occupied property, featuring a compelling unit mix of one-, two-, and three-bedroom apartments, closed on May 16, 2025—just over three months after being brought to market on February 3.

A former condo deconversion, the building presented a rare opportunity for value-add investors. All units were equipped with individual/central HVAC systems and varying levels of finishes from renovations completed roughly 20 years ago. The buyer was drawn to the property for its strategic proximity to their existing portfolio, nearby Loyola University, and public transportation access. The potential for cosmetic renovations and significant rental upside further added to the property’s appeal.

“This asset checked all the boxes for today’s North Side investors: location, layout, and long-term upside,” said Jacob Price. “With over 30 tours and 10 offers, the demand spoke for itself.”

Despite historically low inventory across Chicago’s North Side neighborhoods, Edgewater continues to see strong demand from investors targeting stable, well-located multifamily assets with value-add potential.

“The amount of activity we saw shows that the market is still very active when the right opportunity comes along,” added Katie LeGrand. “This deal hit 100% of list price and went under contract within weeks.”

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