March 16, 2022 – Anthony Spangler, Andrew O’Connell and Arthur Fedotov of Horvath & Tremblay have successfully completed the sale of the Mount Prospect Multi-Family Portfolio in Mount Prospect, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $2,092,500.
The Mount Prospect Multi-Family portfolio consists of 3 multi-family properties and 18 units. The three properties are well maintained three-story brick buildings located at 612 Dempster Street (6 units), 624 Pickwick Court (6 units), and 637 Pickwick Court (6 units). The portfolio is comprised of 2-bedroom/1-bathroom units and a has a total of 0.57-acres of land with on-site parking for thirty-two (32) vehicles. The Portfolio is well-located approximately 4-miles west of downtown Des Plaines. The Properties are located within close proximity of one another and are situated just west of IL Route 83 (Elmhurst Road), a heavily travelled retail corridor with multiple national tenants including grocers, retailers and restaurants. The location offers convenient access to area highways, public transportation (Pace & Metra), and numerous recreational and entertainment amenities.
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.