November 9, 2023 – Dan Tilsner of Horvath & Tremblay has successfully completed the sale of a four-unit multi-family building in Chicago, Illinois. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,375,000.
The multi-family building is located at 1501 W Nelson Street in the Lakeview neighborhood of Chicago, Illinois. The two-story building contains four (4) permitted residential units, consisting of three (3) 2-Bedroom/1-Bathroom units, and one (1) 2-Bedroom/2-Bathroom unit. The building has 3,120 square feet of living area within 3,600 total gross square feet and sits on a 0.07-acre corner parcel of land and features a detached two car garage. The Property was completely renovated in 2019 and features in-unit laundry connections, central air conditioning, hardwood floors throughout, stainless-steel appliances, soft-close cabinets, and quartz countertops. The Property is well-located on the corner of W Nelson Street and N Greenview Avenue and is seconds from N Lincoln Avenue and N Ashland Avenue, the area’s primary commercial corridors. Transportation options near the property include Bus lines 9, 76, and 77. The Property offers access to subway service on the CTA Brown line at the Paulina, Southport, Belmont and Wellington “L” Stations and the CTA Brown Line at the Kimball “L” Station, and commuter rail service via the Clybourn Metra Station with service on both the UP-N and UP-NW lines. The location also offers exceptional access to area highways for those traveling by car via Interstate 90 and US Highway 41. The Property is also just 1-mile from DePaul University.
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.