Kiser Group Brokers Hyde Park Multifamily Portfolio Sale

Kiser Group Brokers Hyde Park Multifamily Portfolio Sale

Kiser Group has successfully brokered the sale of a two-building multifamily portfolio near the University of Chicago for $8 million.

The portfolio includes 5111 S. University, which has 41 units, and 5135 S. Blackstone, which features 36 units, totaling 77 units. The buildings are situated on residential streets in Hyde Park and feature a mix of studio and one-bedroom apartments. With a 98% occupancy rate, the properties reflect the area’s strong demand for rental housing. TLC Management sold the portfolio to Harbor Property Management LLC, a firm that already owns nearby assets and saw an opportunity to scale its presence in the neighborhood.

Kiser Group’s Midwest team—Lee Kiser, Kyle Sissell, and Will Cornish—represented the seller, TLC Management, while Katie LeGrand and Jacob Price represented the buyer, Harbor Property Management LLC. “This transaction underscores the strength of the Hyde Park rental market and the continued investor interest in well-located assets,” said Katie LeGrand, Broker at Kiser Group.

Article Source: https://www.connectcre.com/stories/kiser-group-brokers-hyde-park-multifamily-portfolio-sale/ | Post Publish Date: March 17, 2025 3:53 pm | Author Name: *If Author Name fails to auto populate herein, auto population of Author to auto generate on previous news page, via RSS aggregator, or follow the "Article Source" link above to open original post URL. VANDEWEERD COMMERCIAL / VANDEWEERD, LLC is making or makes said material available and/readable for the following (to include but not be limited to): News Reporting, Teaching, Research Purposes, etc. See Terms of Use along with Privacy Policy for additional information.