May 12, 2023 – John Preston of Horvath & Tremblay has successfully completed the sale of a Multi-Family Property in Chicago, Illinois. Horvath & Tremblay represented the seller to complete the transaction at a sale price of $935,000.
The multi-family property, located at 5627 N Glenwood Avenue in Chicago, Illinois is comprised of a two-story building and contains four (4) legal units and one (1) unpermitted. The units are comprised of two (2), 2-Bedroom/1-Bathroom units, and three (3), 1-Bedroom/1-Bathroom units (one of these is unpermitted) in 3,100 square feet of living area and 3,892 square feet of gross area, on a 0.12-acre parcel with a detached three (3) car garage. The property also benefits from an on-site laundry facility, a basement workshop, and a private manicured back yard. The parcel is zoned RS-3. 5627 N Glenwood Avenue is well-located in a densely populated tree lined residential neighborhood just a few blocks from W Bryn Mawr Avenue and N Broadway, and less than 1-mile from W Foster Avenue (US Highway 41) and W Peterson Avenue (US Highway 14), with convenient access to the Bryn Mawr L-Station (0.4-miles), and the Ravenswood Metra Station (1.4-miles), and numerous bus routes within walking distance. The Property is situated less than 1-mile from Osterman Beach, Lane Beach and Foster Beach all on Lake Michigan. 5267 N Glenwood Avenue is also just 1.2-miles from Loyola University Chicago.
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.