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Kiser Group Anticipates Busy Summer for Deals in West Side’s Austin Neighborhood
Multifamily investors seeking to make the most of their next purchase should not overlook the Austin neighborhood on Chicago’s West Side, according to Kiser Group advisor Jack Petrando. Among the most active brokers in the neighborhood, Petrando currently has three active listings in Austin with three more under contract and on pace to close for more than $85,000 per unit:
“We continue to see a high volume of activity in Austin,” said Petrando . “Rental prices are increasing in the neighborhood, and with more rental demand and appreciating building values, now is the time to invest in the neighborhood.”
Petrando added, “Our recent transactions show the benefits of investing now. With recent prices per unit consistently at or above $70,000, Austin is an area primed for incredible growth in the coming years. I think we’ll see lots of activity here this summer.”
- ◦Sale/Acquisition


