February 3, 2022 – John Preston of Horvath & Tremblay has successfully completed the sale of three (3) multi-family units in Chicago, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $560,000.
The multi-family investment property is located at 3000 W Addison Street in Chicago, Illinois. The Property contains a two-story, brick multi-family building with three (3) residential units, comprised of one (1), 3-Bedroom/1-Bathroom unit, and two (2), 2-Bedroom/1-Bathroom units with 2,900 square feet of livable area, in 3,172 square feet of total gross area, on a 0.07-acre parcel. The Property also features on-site parking, on-site laundry, and a private patio. 3000 Addison Street is located in the northern portion of Irving Park East, a neighborhood 6-miles northwest of downtown Chicago. The property is just steps away from the Route 152 bus stop at the intersection of W Addison Street and N Sacramento Avenue. The Property is 1-mile from the Irving Park “Metra” (UP-NW) Station and 1.5-miles from the Addison “L” Station (Brown Line). 3000 Addison Street is also less than 1-mile from Interstates 90 and 94 and 2.5-miles from US Route 41. Both North Park University and Northeastern Illinois University are located within 2.5-miles of the Property. The surrounding area features a convenient mix of retail and business operations that drive traffic to the area. National retailers in the area include ALDI, Jewel-Osco, Tony’s Fresh Market, Target, Walgreens, CVS, Dollar Tree, Chipotle, McDonald’s, Wendy’s, Starbucks, Dunkin’ Donuts, Subway, Chase Bank, and 7-Eleven.
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.