Kiser Group recently closed on a property in the Humboldt Park neighborhood, located at 3935-45 W. Division Street. The building consists of 41 units, including 37 apartments and four retail spaces. Originally built as condos in 2006, the property underwent a transformation after being acquired through a bank sale during the market downturn of 2008-2009.
According to Kiser Director Danny Logarakis, “The buyer was immediately drawn to this property for its strong potential for cash flow.” With its strategic location and high percentage of Section 8 voucher tenants, it was an ideal addition to their existing portfolio which includes neighboring properties. The building’s current cash flow and potential for increased rents make it an attractive investment opportunity that aligns with their overall strategy.
This recent transaction by Kiser Group highlights their expertise in brokering successful deals within Chicago’s real estate market.
