May 24, 2023 – John Preston and Kelsey Zurweller of Horvath & Tremblay have successfully completed the sale of three (3) multi-family units in Evanston, Illinois. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $780,000.
The multi-family investment property, located at 910 Simpson Street in Evanston, Illinois, contains a total of three (3) residential units comprised of one (1), 3-Bedroom/1.5-Bathroom units and two (2), 2-Bedroom/1-Bathroom units with 3,400 square feet of living area in 3,600 square feet of gross area on a 0.12-acre parcel. The property features a garage and on-site parking for 1 vehicle. The property is well located just outside of downtown Evanston and the primary commercial/shopping district. National retailers driving traffic to the trade area include Target, Jewel-Osco, Whole Foods, Trader Joe’s, Starbucks, Subway, Walgreens, and countless local boutique shops, restaurants, and bars. The area also benefits from its close proximity to the beaches along Lake Michigan. 910 Simpson Street is close to Northwestern University, one of the most prestigious Universities in the country, with a total enrollment of 21,000 students. 910 Simpson Street is 0.5-miles from the campus and 517-521 Hamilton Street is 1.0-mile from the campus. The Evanston Hospital and AMITA Health St Francis Hospital, which is a Level-1 Trauma and Heart Center with 216 general acute care beds, are close to the property. S&C Electric Company, Chicago’s second largest manufacturer is situated in Rogers Park and has more than 2,000 employees at its Chicago location. 910 Simpson Street has great walkability with many of the amenities being within walking distance or easily accessible via nearby public transportation. The Property is 0.3-miles from bus stops along Maple Avenue, 0.2-miles from the Foster CTA Station, 0.3-miles from the Noyes CTA Station, both with service along the Purple line, and 0.6-miles from the Davis Street/Evanston Metra Station.
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.