Preservation Of Affordable Housing Acquires Multifamily Property In Chicago For $8.1M

A multifamily property located at 1221 W. Sherwin Avenue in Chicago has been sold in a transaction facilitated by Kyle Shoemaker and Lee Kiser. The property, consisting of 57 units, was sold for a total price of $8,100,000, resulting in a per unit price of $142,105.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,100,000
• Units: 57
• Price Per Unit: $142,105

Kyle Shoemaker, representing Affordable Housing Investment Brokerage, and Lee Kiser from @kisergroup acted as brokers in the deal. The buyer, Preservation of Affordable Housing (POAH), acquired the property from a non-for-profit seller.