February 7, 2022 – Andrew O’Connell and Anthony Spangler of Horvath & Tremblay have successfully completed the sale of Forty-four (44) multi-family units in Berwyn, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $3,525,000.
The multi-family investment property is located at 3419 S Harlem Avenue in Berwyn, Illinois. The four-story, brick building contains forty-four (44) total units made up of four (4), retail suites and forty (40), 1-Bedroom/1-Bathroom units, in 35,000 square feet of living area and 39,412 square feet of gross area on a 0.56-acre parcel. The Property also features on-site parking for 50 vehicles. The property is a few blocks from the intersection of S Harlem Avenue and Ogden Avenue (Historic Route 66), the area’s primary commercial corridor. The area offers convenient access to Walmart, grocery stores (Jewel-Osco and ALDI), restaurants (Starbucks, Dunkin’, McDonald’s, Olive Garden, Chili’s, Panera Bread, and Chick-Fil-A), and countless other retail amenities found in the Chicago Ridge Mall which is just 2.5-miles away and home to more than 140 restaurants and retailers. The Property is located within 1-mile of the Cermack Woods Nature Preserve and is less than 2-miles from the Brookfield Zoo and McCormick Woods. The property also offers convenient access to public transportation options, including the Pace Bus system and the Harlem Avenue and Berwyn METRA Stations. Interstates 55 and 294 are within 2 and 3.5 miles, respectively.
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.