June 10, 2022 – Ryan Link, Andrew O’Connell and Anthony Spangler of Horvath & Tremblay have successfully completed the sale of eight (8) multi-family units in Wheaton, Illinois. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,500,500.
The multi-family investment property is located at 505 W Front Street in Wheaton, Illinois. The two-story, brick building contains eight (8) total units, consisting of four (4) 2-Bedroom/1-Bathroom units and four (4) 1-Bedroom/1-Bathroom units. The Property is comprised of 6,096 square feet of leasable area on a 0.2-acre lot, which includes 12 off-street parking spaces. The Property has been well-maintained by current ownership, with very little deferred maintenance. The common areas have been subject to extensive capital improvements, including new entrance canopies, tuckpointing, new exterior doors, new light fixtures throughout, a newer boiler and hot water heater, and parking lots have been seal coated and striped. Additionally, two of the units have been fully renovated with highlights including new stainless-steel appliances, luxury vinyl planks throughout, quartz counters and new cabinets. The Property is conveniently located just 400 feet from the Wheaton Train Station on Front Street, offering service on the Union Pacific / West Metra line, as well as a stop for Pace Bus Route 711. The Liberty Street side of the Station also offers stops for Routes 301 and 714. 505 West Front Street is situated just outside of downtown Wheaton, which offers an extensive array of retail, restaurants, services and amenities, and is a short walk (0.2 miles) from the Property. Wheaton College is just 0.7 miles from the Property on the east side of downtown Wheaton and has an enrollment of approximately 2,800 students. Wheaton has over 800 acres of parks and features plenty of entertainment and is also home to the DuPage County Fairgrounds.
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