Kiser Group Brokers Jack Petrando and Noah Clark Close $775,000 Multifamily Deal at 1056 N. Hamlin in Humboldt Park

Kiser Group brokers Jack Petrando and Noah Clark have successfully closed the sale of a fully occupied multifamily property at 1056 N. Hamlin in Chicago’s Humboldt Park neighborhood. The property, initially listed for $825,000, ultimately sold for $775,000, achieving a competitive price of $97,000 per unit.

The property was brought to market on August 26, 2024, and attracted multiple offers due to its turn-key condition and prime location. Humboldt Park continues to be an in-demand area for investors, with rental rates and property values on the rise. The neighborhood’s proximity to downtown Chicago, abundant public transportation options, and local attractions make it a highly desirable location for both renters and property owners.

“This sale exemplifies the ongoing strength of Chicago’s multifamily market, especially in emerging neighborhoods like Humboldt Park,” said Jack Petrando. “We saw significant interest from investors looking for stabilized assets in appreciating areas.”