December 31, 2020 – Ryan Link of Horvath & Tremblay has successfully completed the sale of five (5) multi-family units in Chicago, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $500,000.
The multi-family investment property, located at 6012 W Eddy Street in Chicago, Illinois is comprised of five (5) multi-family units. The two-story brick apartment building was constructed in 1951 and contains one (1), studio unit, one (1) 2-Bedroom/1-Bathroom unit, and three (3) 2-Bedroom/1-Bathroom units in 2,550 square feet of living area in 3,550 square feet of gross area on a 0.13-acre parcel of land. The property offers a two-car garage and two additional off-street parking spaces. 6012 W Eddy Street has historically operated at or near full occupancy with limited downtime between tenancies. The Property is well located on W Eddy Street, just two blocks from Addison Street with convenient access to area highways, public transportation and numerous retail amenities. Eddy Street is in close proximity to Portage Park, the largest public park on the northwest side and is also near the popular commercial centers at Irving-Austin and Six Corners, which offer a great array of dining, shopping and entertainment experiences.
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.