December 23, 2022 – Zachary Ahern and John Preston of Horvath & Tremblay have successfully completed the sale of five (5) multi-family units in Chicago, Illinois. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $900,000.
The multi-family investment property, located at 4056 N Leamington Avenue in Chicago, Illinois is comprised of five (5) multi-family units. The three-story brick apartment building was constructed in 1912 and contains one (1), 1-Bedroom/1-Bathroom unit, three (3) 2-Bedroom/1-Bathroom units, and one (1) 3-Bedroom/1-Bathroom unit in 4,800 square feet of living area in 5,726 square feet of gross area on a 0.12-acre corner parcel of land. The building has been meticulously maintained and features upgraded unit interiors. The Property is well located at the intersection of N Leamington Avenue and W Belle Plaine Avenue in a quiet residential neighborhood in the Portage Park neighborhood of Chicago, just two blocks from W Irving Park Road with convenient access to area highways, public transportation and numerous retail amenities. Leamington Avenue is in close proximity to Portage Park, the largest public park on the northwest side and is also near the popular commercial centers at Irving-Austin and Six Corners, which offer a great array of dining, shopping and entertainment experiences.
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.