March 17, 2021 – Riley McCarron of Horvath & Tremblay has successfully completed the sale of four (4) multi-family units in Park Ridge, Illinois. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,110,000.
The multi-family investment property, located at 1500 W Touhy Avenue in Park Ridge, Illinois, is comprised of four (4) multi-family units. The two-story multi-family building contains four (4), 2-Bedroom/2-Bathroom units. The well-maintained, brick apartment buildings was constructed in 1970, on a 0.11-acre parcel with four garage spaces and four surface spaces. The building contains 4,800 square feet of living area and 5,193 square feet of gross area. The property is extremely well located in Park Ridge, a quiet suburb just 15 miles northwest of Downtown Chicago. The Property provides a variety of amenities including a garage space for each apartment, in-unit laundry facilities, stainless steel appliances and two of the units have an all-season room/den. The property is within walking distance to local area amenities including Centennial Park, which is located directly across the street, the Forest Preserves of Cook County, a Jewel-Osco Grocery Store, Trader Joe’s, Whole Foods, Walgreens and Starbucks. Additionally, the Property is just 1-mile from the Park Ridge Metra Station on the Union Pacific-Northwest Line (UP-NW).
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.