August 31, 2023 – Kelsey Zurweller and John Preston of Horvath & Tremblay have successfully completed the sale of a two-unit mixed-use property in Chicago, Illinois. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $390,000.
The residential building is located at 4055 N Mason Avenue in Chicago, Illinois. The two-story building contains two (2) total units comprised of one (1) retail unit that will be delivered vacant and a 2-Bedroom/1-Bathroom unit on the second floor. The building contains a total of 2,464 square feet of living area on a 0.07-acre parcel. The Property also features on-site parking for seven (7) vehicles. 5003 W Lawrence Avenue is located on the northeast side of Portage Park. The location is approximately 1-mile from LaBagh Woods and Forest Glen Woods offering hiking and biking trails, and 1.3-miles from the eponymous Portage Park, a vast, 36.5-acre public park, the largest on the Northwest Side of Chicago, offering many recreational facilities and outdoor activities. W Lawrence Avenue is one of the area’s primary commercial corridors. The Property also offers convenient access to N Milwaukee Avenue and N Elston Avenue, both of which have a strong commercial presence. The Property is close to area grocers and pharmacies, and numerous local and national retailers and restaurants. The nearby Six Corners shopping district offers an abundance of dining, shopping, and entertainment options for residents. Six Corners is 1.3-miles from the Property and features an incredible array of national chains blended with established and family businesses. It is also one of the largest commercial centers in Chicago outside of the Loop. Transportation options near the property include Bus lines 81, located at the corner of W Lawrence Avenue and N Lavergne Avenue (100 feet away), and 54A and 56 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 (1-mile away), and commuter rail service via the Jefferson Park and Mayfair Metra Stations (0.7-miles and 0.8-miles away). The location also offers exceptional access to area highways for those traveling by car via Interstate 90 (0.1-miles away) and 94 (0.5-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.