March 11, 2022 – John Preston of Horvath & Tremblay has successfully completed the sale of five (5) multi-family units in Evanston, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,200,000.
The multi-family investment property, located at 2047 Asbury Avenue in Evanston, Illinois, contains a well-maintained three-story building that was renovated in 2010. The Property is comprised of five (5), 3-Bedroom/1-Bathroom units in 4,750 square feet of living area within 5,000 square feet of gross area on a 0.14-acre parcel. The property features an on-site laundry facility and storage space. 2047 Asbury Avenue has great walkability with many of the amenities being within walking distance or easily accessible via nearby public transportation. The Property is 0.1-miles from the Green Bay Road and Simpson bus stop, 0.4-miles from the Noyes & Foster CTA Stations with service along the Purple Line, and 0.8-miles from the Davis Street/Evanston Metra Station. The property is well located just outside of downtown Evanston and the primary commercial/shopping district. National retailers driving traffic to the trade area include Target, Jewel-Osco, Whole Foods, Trader Joe’s, Starbucks, Subway, Walgreens, and countless local boutique shops, restaurants, and bars. The area also benefits from its close proximity to the beaches along Lake Michigan. Additionally, the property is less than one mile from Northwestern University, one of the most prestigious Universities in the country, with a total enrollment of 21,000 students. The property is also close to the Evanston Hospital and AMITA Health St Francis Hospital, which is a Level-1 Trauma and Heart Center with 216 general acute care beds.
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.