RMRE Holdings Acquires Multifamily Property In South Humboldt Park, Chicago, IL For $3.7M

Located in South Humboldt Park, Chicago, IL, the multifamily property at 3432-40 W. Franklin Boulevard has recently been sold. The transaction took place on March 17, 2021, with a sale price of $3,700,000. This property consists of 46 units, resulting in a per unit price of $80,435.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $3,700,000

The buyer of this property is RMRE Holdings, LLC. Representing the buyer in the deal were Jack Petrando, Danny Logarakis, and Rick Ofman from Kiser Group.

Highlighted by its 46 units, the property at 3432-40 W. Franklin Boulevard offers a great investment opportunity in the South Humboldt Park area of Chicago. With a sale price of $3,700,000, this multifamily property attracted the attention of RMRE Holdings, LLC. The buyer was represented by Jack Petrando, Danny Logarakis, and Rick Ofman, who worked on behalf of Kiser Group. This transaction solidifies the property's value at $80,435 per unit.