July 20, 2023 – John Preston and Kelsey Zurweller of Horvath & Tremblay have successfully completed the sale of four (4) 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 $785,000.
The multi-family investment property, located at 517-521 Hamilton Street in Evanston, Illinois, contains a total of four (4) residential units comprised of two (2), 2-Bedroom/1-Bathroom units and two (2), 2-Bedroom/2-Bathroom units with 4,500 square feet of living area in 4,620 square feet of gross area on a 0.09-acre parcel. The Property is well located along Hamilton Street just outside of downtown Evanston, and is seconds from Chicago Avenue, one of the area’s primary commercial corridors. The Property is less than 500 feet from Jewel-Osco and Trader Joe’s, and is within walking distance of Starbucks, Subway, and countless local boutique shops, restaurants, and bars. The area also benefits from its proximity to the beaches along Lake Michigan. 517-521 Hamilton Street has great walkability with many of the amenities being within walking distance or easily accessible via nearby public transportation. The Property is 500 feet from the Chicago Avenue and Hamilton Street bus stop, 0.2-miles from the Dempster CTA Station with service along the Purple line, and 0.4-miles from the Main Street CTA and Metra Stations. The Property is also just a 25-minute ride to The Loop (12 miles away). 517-521 Hamilton Street is 1-mile from Northwestern University, one of the most prestigious Universities in the country, with a total enrollment of 21,000 students. 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 also close to the Property.
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.