November 12, 2021 – Jonah Carman of Horvath & Tremblay has successfully completed the sale of four (4) multi-family units in Schiller Park, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $512,000.
The multi-family investment property is located at 9468 Lawrence Court in Schiller Park, Illinois. The three-story, brick building contains four (4) total units made up of two (2), 1-Bedroom/1-Bathroom units, one (1), 2-Bedroom/1-Bathroom unit, and one (1), 3-Bedroom/2-Bathroom unit in 3,750 square feet of living area and 4,486 square feet of gross area on a 0.101-acre parcel. All of the units feature laminate wood and ceramic tile flooring throughout with radiant heat and Central Air Conditioning. Three of the four units have updated kitchens. The Property features eight (8) on-site parking spaces, and a laundry facility (2 Washers and 2 Dryers), and a video surveillance system with 8 cameras and remote video monitoring. The Property is well-located in a densely populated residential community, just a few blocks away from Chicago’s O’Hare International Airport, and 1-mile from the Rosemont Shopping District and W Irving Park Road, the areas primary commercial corridors. The property offers convenient access to grocery stores, restaurants, and numerous other retail amenities. 9468 Lawrence Court is ideally positioned for commuters with quick and convenient access to public transportation (the Schiller Park and Rosemont METRA Stations, the Rosemont “L” Station, and numerous Pace bus lines) and Interstate 290, Interstate 294, and US Route 45. The property benefits from exceptional demographics, with more than 103,650 people living within a 3-mile radius of the Property, with an average household income of over $97,900. Additionally, there are nearly 106,300 employees within a 3-mile radius of the Property.
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.