‘Now is the time’ to invest in Chicago’s Austin neighborhood, CRE advisor says

Three multifamily buildings for sale in Chicago’s second-largest neighborhood by population are just an example of what one local commercial real estate executive says is becoming a hot market for investors.

In the Austin neighborhood, a 20-unit apartment building at 118–124 N. Menard St. that’s 100% occupied is selling for $2 million, and two buildings totaling 110 units at 10 S. Mason St. and 312 N. Central Ave. are selling for $6.2 million, according to Jack Petrando, an advisor with Chicago-based Kiser Group, who is representing the private sellers.