CHICAGO, IL—Kiser Group and Affordable Housing Investment Brokerage arranged the sale of Renaissance North in Chicago's Old Town neighborhood for $15.45 million. Kiser Group's senior director Michael D'Agostino and Affordable Housing Investment Brokerage managing director Kyle Shoemaker represented the buyer, a national investment fund focused on workforce and affordable housing, and seller Renaissance Companies.
Renaissance North, located at 551 W. North Ave., is a 59-unit apartment building with ground floor retail in Chicago's Old Town neighborhood. Built in 2003 under the Low-Income Housing Tax Credit program and HOME funds via the City of Chicago, and 18 units are subsidized by an agreement with the Chicago Housing Authority.
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