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December 3, 2020 Comments Off on Multifamily Asset Lists in West Side O-Zone Views: 506 Chicago News, North Side

Multifamily Asset Lists in West Side O-Zone

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3432-40 W. Franklin Blvd. has been listed for sale by Kiser Group. The 46-unit multifamily property is located in the West Side’s South Humboldt Park neighborhood.

Fully gut renovated by current ownership, 3432-40 W. Franklin Blvd. is listed for $4,325,000 and represented by advisors Jack Petrando, Danny Logarakis and Rick Ofman.

“We anticipate seeing local and out-of-state interest for this Opportunity Zone property,” said Petrando. “The heavy lifting has already been done, and this multifamily asset is fully renovated and stabilized.”

Logarakis added, “3432-40 W. Franklin presents an investor with a rare opportunity to acquire a high unit count property in South Humboldt Park before values climb closer to levels seen in West Town and Wicker Park.”

Multifamily investment properties in this part of town experience “high occupancy rates with long-term tenants and cash flow stronger than similar properties in other Chicago neighborhoods,” said Ofman.

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