June 14, 2022 – Jonah Carman, Ryan Link, Andrew O’Connell, and Anthony Spangler of Horvath & Tremblay have successfully completed the sale of eight (8) multi-family units in Stone Park, Illinois. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $580,000.
The multi-family investment property is located at 1637 N 43rd Avenue in Stone Park, Illinois. The two-story, brick building contains eight (8) 1-Bedroom/1-Bathroom units in 4,800 square feet of Gross Living Area on a 0.18-acre lot. The building features a low maintenance, brick construction and has been well maintained, with little deferred maintenance. The Property is just 0.4 miles from North Avenue and is located just off Mannheim Road, the areas primary commercial corridors. The area offers convenient access to grocery stores (ALDI, Jay’s Fresh Market, Tony’s Fresh Market), restaurants (McDonald’s, Taco Bell), and countless other retail amenities such as TJ Maxx, Menard’s, and Dollar General. The Property offers convenient access to public transportation options including the Pace Bus system and the Bellwood METRA Station, and Interstates 290/294 and 90 (which provide direct access into downtown Chicago) are just over 2-miles away. Chicago’s O’Hare International Airport is 5-miles away. O’Hare International Airport is one of the busiest airports in the world, serving more than 83 million passengers in 2018. It has 10 runways and service to more than 228 destinations. The airport continues to drive the local economy around it, working in conjunction with local businesses, and employing more than 41,000 people.
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.