May 30, 2024 – John Preston of Horvath & Tremblay has successfully completed the sale of a two-unit multi-family property in Chicago, Illinois. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $775,000.
The property is located at 5347 N Wayne Avenue in Chicago, Illinois. The Property contains two (2) residential units comprised of one (1), 2-Bedroom/1-Bathroom unit and one (1) 3-Bedroom/1.5 Bathroom unit with 2,856 square feet of total gross area on 0.09-acre parcel of land. The attractive brick building is well located along a tree-lined residential street and features on-site parking for two vehicles (a detached garage and one surface parking space). The Property is located on a quiet tree lined street in the center of Chicago’s Andersonville neighborhood. The location is approximately 0.25-miles from N Broadway and N Clark Street, two of the area’s primary commercial corridors. The Property is close to area grocers and pharmacies, numerous local and national retailers, and restaurants. The Property is within a mile of Kathy Osterman Beach and Foster Beach, both on Lake Michigan, and is 1.4-miles from Loyola University Chicago. Transportation options near the property include Bus lines located along N Broadway, N Clark Street and W Foster Avenue (all within 0.3-miles). The Property offers convenient access to subway service on the CTA Red line at the Berwyn “L” Station (0.3-miles away), and commuter rail service via the Peterson/Ridge and Ravenswood Metra Stations (1.2-miles away). The location also offers exceptional access to area highways for those traveling by car via US Highways 14 and 41.
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.