Kiser Brokers 12-Unit Multifamily Property Sale in East Garfield Park
Kiser Group brokers Jack Petrando and Noah Clark have closed the sale of a 12-unit multifamily property at 241–243 N. Homan Avenue in East Garfield Park for $1.05 million.
Situated in the rapidly developing East Garfield Park neighborhood, the property features large units and a rare attached parking lot, a combination that’s uncommon in the area. Its prime location near the park and the train station further enhances its appeal to both tenants and investors.
The fully occupied property attracted multiple offers within just one week of listing and after its first day of tours—demonstrating the strong investor demand for well-located, value-add opportunities in Chicago’s West Side neighborhoods.
“This deal highlights just how much buyer interest there is in East Garfield Park right now,” said Petrando. “We continue to see strong competition among investors looking for properties that offer both immediate income and long-term upside.”
Other News
Queens’ Tallest Tower Reaches 90% Leased, Adds First Retail Tenants
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
Learn more
80-Unit Seniors Housing Development Opens in Suburban Chicago
Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
Learn more
312-Unit Multifamily in Indiana Changes Hands
Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout