Kiser Group has closed the $3.7 million sale of 3432-40 W. Franklin Boulevard. This 46-unit multifamily property is located on Chicago’s West Side.
Advisors Jack Petrando, Danny Logarakis and Rick Ofman brokered the fully renovated property and represented both the buyer, RMRE Holdings, LLC and seller.
The property was built in 1927 and underwent a full renovation in the mid-2000s. It features 23 one-bedroom/one-bathroom units, 22 two-bedroom/one-bathroom units and one three-bedroom/one-bathroom unit. Rents range from $624 to $1,375 per month.
