June 21, 2021 – John Preston of Horvath & Tremblay has successfully completed the sale of twenty-five (25) multi-family units in Chicago, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $2,660,000.
The multi-family investment property, located at 7725-7729 N Sheridan Road in Chicago, Illinois is comprised of five (5) multi-family units. The four-story, brick building contains twenty-five (25) total units made up of thirteen (13) Studio units and twelve (12) 1-Bedroom/1-Bathroom units in 15,500 square feet of living area on a 0.16-acre parcel. This Property provides a rare opportunity to acquire a larger apartment building on the North Side of Chicago. The property is well-located along N Sheridan Road, one block away from Lake Michigan (Juneway Beach and Rogers Park Beach), with convenient access to public transportation and numerous retail amenities. The Property, located in Rogers Park, is also less than 1.5-miles from the Loyola University Campus and the AMITA Health St Francis Hospital, and 2.5-miles from Northwestern University. The Property has great walkability with many of the amenities being within walking distance or easily accessible via nearby public transportation. The Property is 0.2-miles from the Howard and Sheridan bus stop, 0.6-miles from the Howard CTA Station with service along the Red, Purple, and Yellow lines, and 1.5-miles from the Rogers Park Metra Station.
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.