June 29, 2023 – Jonah Carman of Horvath & Tremblay has successfully completed the sale of three (3) multi-family units in Stone Park, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $360,000.
The multi-family investment property is located at 1705 N 36th Avenue in Stone Park, Illinois. The three-story brick building contains three (3) total units, including two (2) 3-Bedroom/1-Bathroom units and one (1) 1-Bedroom/1-Bathroom unit. The property is comprised of 2,700 square feet of living area in 2,929 square feet of total gross area, sitting on a 0.09-acre lot, which includes a small courtyard in the rear of the Property and a detached 2-car garage. Each unit is separately metered for electricity and gas (heat and hot water), which the Tenants pay directly. The Landlord is responsible for water and sewer. The property is approximately 0.2-miles from North Avenue and is located a few blocks from Mannheim Road, the area’s primary commercial corridors. The area offers convenient access to grocery stores (ALDI, Food 4 Less, Tony’s Fresh Market), restaurants (McDonald’s, Taco Bell), and countless other retail amenities (Walmart, TJ Maxx, Menard’s, and Dollar General). The Property offers convenient access to public transportation options including the Pace Bus system and the Bellwood METRA Station. The Property is also close to major Chicagoland roadways including Interstates 290/294 and 90 (which provide direct access into downtown Chicago), and US Routes 45 & 20. Chicago’s O’Hare International Airport is 5-miles away. O’Hare International Airport is one of the busiest airports in the world, serving more than 54 million passengers in 2021. It has 10 runways and service to more than 228 destinations. The airport continues to drive the local economy around it, working in conjunction with local businesses, and employing more than 41,000 people.
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.