February 14, 2025 – Anthony Spangler of Horvath & Tremblay has successfully completed the sale of a three unit multi-family property in Berwyn, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $510,000.
The property is located at 1830 Euclid Avenue in Berwyn, Illinois. The three-story brick building contains three (3) units comprised of two (2), 2-Bedroom/1-Bathroom units and one (1), 1-Bedroom/1-Bathroom unit with 3,000 square feet of living area in 4,000 square feet of total gross area on 0.09-acres of land. The Property features a detached two car garage at the rear of the Property. Rents in the Property are significantly below market. The opportunity exists to increase rents to market rates in a high demand, supply constrained market. The Property is well-located in a densely populated residential neighborhood along Euclid Avenue. The Property is positioned in between Roosevelt Road and W Cermak Road, the primary commercial corridors running through Berwyn. The property offers convenient access to grocery stores, restaurants, and numerous other retail amenities. 1830 Euclid Avenue is ideally positioned for commuters with quick and convenient access to public transportation (Harlem & Austin CTA Stations, Harlem Avenue, Berwyn & LaVergne METRA Stations, and numerous Pace bus lines along Harlem Avenue) and Interstates 55 & 290.
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.