3432-40 W. Franklin Blvd. was recently listed for sale by Kiser Group. The 46-unit multifamily property is located in the West Side’s South Humboldt Park neighborhood.
Fully gut renovated by its current ownership, 3432-40 W. Franklin Blvd. is listed for $4,325,000 and represented by advisors Jack Petrando, Danny Logarakis and Rick Ofman.
“We anticipate seeing local and out-of-state interest for this Opportunity Zone property,” Petrando said. “The heavy lifting has already been done, and this multifamily asset is fully renovated and stabilized.”
Added Logarakis, “3432-40 W. Franklin presents an investor with a rare opportunity to acquire a high unit count property in South Humboldt Park before values climb closer to levels seen in West Town and Wicker Park.”
Multifamily investment properties in this section of town experience “high occupancy rates with long-term tenants and cash flow stronger than similar properties in other Chicago neighborhoods,” said Ofman.
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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