September 23, 2022 – Arthur Fedotov of Horvath & Tremblay have successfully completed the sale of six (6) multi-family units in Rosemont, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $808,000.
The multi-family investment property is located at 9458 Glenlake Avenue in Rosemont, Illinois. The three-story building contains six (6) total units, consisting of five (5) 2-Bedroom/1-Bathroom units and one (1) 1-Bedroom/1-Bathroom unit. The Property is comprised of 5,000 square feet of living area in 5,292 square feet of total gross area and sits on a 0.21-acre lot, which includes 6 off-street parking spaces. The property has been completely renovated. The property is approximately 0.2-miles from N River Road and W Higgins Road (IL Route 72), and 1.2-miles from Mannheim Road (US Route 45), the areas primary commercial corridors. The area offers convenient access to grocery stores (Mariano’s, Jewel-Osco and ALDI), restaurants (Starbucks, Dunkin’, McDonald’s, Wendy’s, Denny’s, and Subway), and countless other retail amenities found in the Rosemont Shopping District, which is home to the area’s largest outlet mall, and numerous entertainment venues. The Property is located within 500 feet of the Dunne Park Recreation Center and is close to Forest Preserve of Cook County, part of the Des Plaines River Trail & Greenway, a 31-mile wildlife habitat, with countless walking/hiking/biking trails and outdoor recreation areas. The Property offers convenient access to public transportation options including the Pace Bus system, the O’Hare Transfer and Rosemont METRA Stations, and the Rosemont “L” Station. Interstates 190, 294 and 90 (which provide direct access into downtown Chicago) are approximately a mile away.
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.