Integrated Access and Backhaul (IAB) is an enabling technology for efficient 5G millimeter wave (mmWave) New Radio (NR) deployment. The key feature of IAB is multi-hop wireless backhauling, allowing utilizing relaying IAB-nodes to provide cost-efficient access network densification and alleviate the problem of blockages. One of the critical performance measures in such systems is the latency of packet delivery over the multi-hop paths. The paper aims at assessing the impact of multi-hop transmission on the end-to-end delay in an IAB radio access network, taking into account the half-duplex constraint. We build a detailed queuing theory model for latency assessment in time-division-multiplexing (TDM)-based IAB deployments and evaluate the delay due to queuing in the network nodes for several cell topologies and under different time allocation strategies between access and backhaul. The paper considers a practical Manhattan-style urban deployment, which is characteristically impaired by the blockage of buildings. The numerical results show that balancing the access and backhaul micro phases is crucial for reducing the end-to-end packet delay, at least in the uplink, while increasing the number of network hops yields a linear increase in the total packet delay for both the uplink and downlink. The numerical results were obtained via simulation using the open-source software OMNeT++.