December 10, 2024 – John Preston of Horvath & Tremblay has successfully completed the sale of a six-unit multi-family property in Chicago, Illinois. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $965,000.
The multi-family property is located at 5521-23 W Farragut Avenue in Chicago, Illinois. The three-story building contains six (6) 2-Bedroom/1-Bathroom residential units with 5,400 square feet of living area in 5,715 gross square feet on a 0.14-acre parcel. The building has been well maintained by the current owner and is 100% occupied. The Property offers four (4) off-street garage parking spaces and also features low-maintenance brick construction on a quiet residential street. Located in the Chicago neighborhood of Jefferson Park, the Property sits in a residential urban infill area, with walkable amenities including Dollar General, Dollar Tree, Subway, and Walgreens. Starbucks and grocery stores, Mariano’s, and Jewell-Osco are less than 1-mile away. Additionally, 5521 West Farragut is near the intersection of Milwaukee Avenue, Central Avenue, and Foster Avenue, which are all major thoroughfares pr from downtown Chicago. Oviding convenient access to Downtown. The Property is surrounded by public transportation options, including the 85/225/226/270 CTA buses on Milwaukee Avenue and the Jefferson Park METRA stop both a short walk away. The Property is also close to the Forest Glen METRA stop, and the Jefferson Park Blue Line stop on the “L” with access to downtown Chicago and O’Hare International Airport. The Property provides easy access to Interstates 90 and 94, the major expressways in the Chicagoland area.
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.