Kiser Group Advisor Jack Petrando Discusses Multifamily Housing Market Summer Outlook for Chicago’s Austin Neighborhood

Investors seeking to make the most of their next purchase should not overlook Chicago’s westside Austin neighborhood, according to Kiser Group Advisor Jack Petrando. As Chicagoland’s leading multifamily brokerage firm, Kiser Group assists multifamily buyers and sellers across the city, and Petrando’s hard work is paying off in the up-and-coming neighborhood.

“We continue to see a high volume of activity in Austin,” Kiser Group Advisor Jack Petrando said. “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.”

With nearly a dozen listings in Austin, Petrando has a deep knowledge of the neighborhood and surrounding areas. With experience in multifamily and affordable housing, he’s helping leverage the growing market for investors and sellers alike. Recently, he closed two deals, at 5000 W. Monroe and 5916 W. Fulton, which sold for $68,000 per unit and $65,000 per unit, respectively. Petrando also has three properties currently under contract and on pace to close for more than $85,000 per unit:

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Kiser Group Staff