December 26, 2023 – John Preston of Horvath & Tremblay has successfully completed the sale of a three-unit multi-family property in Chicago, Illinois. Horvath & Tremblay represented the seller to complete the transaction at a sale price of $720,000.
The multi-family building is located at 3414 N Ridgeway Avenue in Chicago, Illinois. The three-story, brick building contains three (3), 3-Bedroom/1-Bathroom residential units with 3,300 square feet of living area in 3,500 square feet of total gross area on a 0.11-acre parcel. The Property also features on-street parking in the front of the Property and a 2-Car garage in the rear of the Property. The Property is located in the northwestern section of Avondale and is a short walk from W Addison Street, W Belmont Avenue and N Milwaukee Avenue three of the area’s primary thoroughfares with significant commercial activities, giving residents a multitude of retail, dining, entertainment and nightlife options. 3414 N Ridgeway Avenue offers great walkability, with many of the amenities being within walking distance or easily accessible via nearby public transportation. The Property enjoys close proximity to nearby public transportation. The Property is a short walk from the Pulaski & Roscoe bus stop, the Addison and Hamlin bus stop and the Belmont & Milwaukee bus stop, 0.4-miles from the Addison CTA Station and 0.7-miles from the Belmont CTA Stations with service along the Blue line, and 0.9-miles from the Irving Park Metra Station. The Property is 0.3-miles from Interstates 90 & 94 and a 10-minute drive to The Loop (6-miles).
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.