Kiser Group Brokers 41-Unit Property Near Humboldt Park

Kiser Group closed on a property located at 3935-45 W. Division Street in the Humboldt Park neighborhood. With a total of 41 units, comprising 37 apartment units and four retail spaces, the building was initially classified as condos at the time of sale. Originally converted into condominiums in 2006, it underwent a transformation when 85% of its units were acquired through a bank sale following the market downturn of 2008-2009.

“The buyer was drawn to this property from the very beginning due to its outstanding cash flow potential. The strategic location, predominantly housing Section 8 voucher tenants, perfectly complements the buyer’s existing portfolio, which includes neighboring properties,” said Kiser Director Danny Logarakis. “The property’s robust cash flow and substantial upside potential make it an attractive investment. With minor cosmetic enhancements planned, the buyer is poised to increase rents, presenting a value-add opportunity that perfectly aligns with their investment strategy.”