November 16, 2020 – Dan Tilsner of Horvath & Tremblay has successfully completed the sale of a three (3) unit mixed-use building in Chicago, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $300,000.
The mixed-use investment property, located at 3310 W Foster Avenue in the North Park neighborhood of Chicago, Illinois. The three-story, brick building contains one retail unit at street level and two residential units on the 2nd and 3rd floors in a total of 4,994 square feet of gross leasable area on a 0.11-acre lot. The large residential units on the 2nd and 3rd floors consist of two (2) 2-Bedroom/1-Bathroom units, each in 1,647 square feet of living space. The retail space is leased and has 1,700 square feet of gross leasable area. The property is well-located in the high-density neighborhood of North Park, near the border with Albany Park on the north side of Chicago, northwest of the loop. The neighborhood is readily accessible via the Brown Line in addition to multiple bus stops in the area, including the 92 Foster stop across the street from the property. The location also offers convenient access to major area highways, retail amenities, and the North Park University and Northern Illinois University campuses.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.