July 21, 2023 – John Preston of Horvath & Tremblay has successfully completed the sale of a six-unit multi-family property in Chicago, Illinois. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $994,000.
The residential building is located at 4055 N Mason Avenue in Chicago, Illinois. The three-story building contains six residential units comprised of three (3) 3-Bedroom/1-Bathroom units, three (3), 2-Bedroom/1-Bathroom units, and one unpermitted Studio unit (not included in the unit count). The building contains a total of 6,416 square feet of living area in 7,000 square feet of total gross area on a 0.17-acre parcel. The Property also features a single stall garage and on-site surface parking for three (3) vehicles. The Property is situated in an excellent location at the intersection of N Mason Avenue and W Belle Plaine Avenue. The well-maintained property has tremendous curb appeal with manicured grounds and a small courtyard in the rear of the Property. 4055 N Mason Avenue is one block from W Irving Park Road, one of the area’s primary commercial corridors. The Property is also just a short walk from an abundance of dining, shopping, and entertainment options. Transportation options near the property include Bus lines 80 & 91, both just a short walk from the Property. The Property offers convenient access to subway service on the CTA Blue line at the Montrose “L” Station (2-miles away), and commuter rail service via the Mayfair Metra Stations (1.7-miles away). The location also offers exceptional access to area highways for those traveling by car via Interstate 90 and 94 (2-miles 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.