September 9, 2025 – John Preston of Horvath & Tremblay has successfully completed the sale of a six-unit multi-family property in Chicago, Illinois. Horvath & Tremblay sourced the buyer to complete the transaction at a sale price of $860,000.
The property is located at 6031 N Wolcott Avenue in Chicago, Illinois. The Multi-Family Property is improved by a three-story brick multi-family building and contains six (6), 2-Bedroom/1-Bathroom residential units in 7,542 square feet of gross area on a 0.14-acre parcel. The Property offers five (5) on-site parking spaces for residents. The in-place leases are below market rates for the area allowing a landlord to bring the rents up to market rates and increase the revenue of the Property. Additionally, the opportunity exists to increase rental rates through upgrades and renovations to the unrenovated units. The Property is well-located along N Wolcott Avenue, a quiet tree-lined residential street, and is positioned between W Peterson Avenue (US Route 14) and W Devon Avenue, two major east-west corridors. The Property provides outstanding access to the Peterson/Ridge Metra Station and the CTA Bus Stops (0.1-miles), convenient access to area highways, and numerous national and local retailers and restaurants and is 1-mile from the Thorndale and Granville Transit Stations, 1.2-miles from Loyola University and is 1.3-miles from the shores of Lake Michigan.
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.