January 7, 2021 – Jonah Carman of Horvath & Tremblay has successfully completed the sale of six (6) multi-family units in Franklin Park, Illinois. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $520,000.
The multi-family investment property, located at 3001 Ruth Street in Franklin Park, Illinois is comprised of six (6) multi-family units. The two-story multi-family building was constructed in 1961 and extensively renovated in 2019. The renovations include new windows and siding, and fully renovated unit interiors. The property contains six (6), 1-Bedroom/1-Bathroom units in 3,072 square feet of living area on a 0.11-acre parcel of land. The property offers six off-street parking spaces, a laundry room and a storage facility for residents. The Property is well located just a few blocks from Mannheim Road (US Route 45) and Grand Avenue, the area’s two primary commercial corridors, which offer a great array of dining, shopping and entertainment experiences . 3001 Ruth Street also offers convenient access to area highways, public transportation and numerous retail amenities.
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.