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Kiser Group's Jack Petrando has 5301 W. Washington in Chicago's Austin neighborhood under contract for $102,000 per unit

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.” 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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