CHICAGO, IL - Kiser Group is pleased to announce the successful off-market sale of a vintage 33-unit mixed-use property in the Rogers Park neighborhood of Chicago. The transaction closed on January 24, 2025, for $3,000,000. Advisors Katie LeGrand, Jacob Price, and Danny Logarakis represented the parties in the deal.
The property, located just half a block from the CTA Red Line Howard Stop, had been under the same ownership for approximately 20 years before being acquired by Becovic, a local owner expanding its footprint in the area. This acquisition represents a strategic value-add opportunity for Becovic as they continue to invest in the neighborhood.
“This sale highlights the continued demand for well-located, value-add properties in Rogers Park,” said Danny Logarakis, Director at Kiser Group. “With minimal inventory on the market, investors are eager to secure opportunities in transit-oriented locations.”
The Rogers Park market remains active in early 2025, with strong investor interest despite limited available inventory. The neighborhood’s accessibility, diverse housing stock, and proximity to public transportation make it an attractive destination for multifamily investors.