07.18.24
Kiser Group Facilitates Swift Sale of Newly Renovated Properties in West Garfield Park
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Kiser Group, a leading commercial real estate brokerage firm in Chicago, is pleased to announce the successful closing of a prime portfolio in West Garfield Park for a final price of $2,100,000 by Advisors Jack Petrando and Noah Clark.
The portfolio, boasting a fully occupied status at the time of sale, garnered significant interest due to its unique features such as newly renovated units and a desirable unit mix. These qualities contributed to the property’s appeal and marketability.
“The demand for turn-key buildings in West Garfield Park is exceptionally high,” remarked Jack Petrando, Advisor at Kiser Group. “Buyers are actively seeking opportunities for immediate scale in this area, and this property’s recent gut renovations within the past five years made it particularly attractive.”
The transaction, which saw the property listed in early January, and under contract within just two weeks of hitting the market, stands out as one of the highest-priced per unit sales in West Garfield Park to date. This swift sale underscores the robust market trends observed by Kiser Group, with prices on the rise and strong demand for investment properties in the West Side area.
While the buyer and seller remain undisclosed, Kiser Group continues to facilitate successful real estate transactions that drive value and growth for clients across Chicago’s diverse neighborhoods.
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