HORVATH & TREMBLAY SELLS ELEVEN UNIT MULTI-FAMILY BUILDING IN CHICAGO, IL FOR $1,573,200.

August 24, 2021 – John Preston and Ryan Link of Horvath & Tremblay have successfully completed the sale of eleven (11) multi-family units in Chicago, Illinois.  Horvath & Tremblay represented the seller to complete the transaction at a sale price of $1,573,200.

The multi-family investment property is located at 4801 N Ridgeway Avenue in Chicago, Illinois. The Property contains a three-story brick apartment building with eleven (11), 2-Bedroom/1-Bathroom units with 11,000 square feet of livable area in 15,369 square feet of total gross area on a 0.17-acre parcel.  The Property is situated on the corner of N Ridgeway Avenue and W Lawrence Avenue approximately 7-miles west of downtown Chicago.  Located in the Albany Park neighborhood of Chicago, the property is 0.5-miles from the Kimball “L” Station on the CTA Brown Line and is well-trafficked, with convenient access to public transportation and area highways. 4801 N Ridgeway Avenue is located in the heart of Albany Park, a neighborhood 7-miles northwest of downtown Chicago. The property is 0.5-miles from the Kimball “L” Station on the CTA’s Brown Line and is just steps away from the 81 Lawrence bus stop.  The Property is also just 1.5-miles from Interstates 90 and 94. Both North Park University and Northeastern Illinois University are located within 1-mile of the Property.  These two institutions have an enrollment in excess of 11,000 students.

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.