April 5, 2022 – Arthur Fedotov of Horvath & Tremblay has successfully completed the sale of five (5) multi-family units in Waukegan, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $250,000.
The multi-family investment property, located 1425 10th Street in Waukegan, Illinois, is comprised of a three-story brick apartment building constructed in 1935. The building contains five (5) total units made up of one (1) 1-Bedroom/1-Bathroom unit, and four (4) 2-Bedroom/1-Bathroom units in 3,400 square feet of living area on a 0.72-acre parcel. Each unit is separately metered for electricity, heat, and hot water, which the Tenants pay directly. The Landlord is responsible for water and sewer. The Property is well-located in a quiet residential community with ample parking, just a few blocks away from multiple parks and a forest preserve, and less than two miles from the nearest primary commercial corridor of the area (intersection of Green Bay Road and Belvidere Road). The Property offers convenient access to grocery stores, restaurants, and numerous other retail amenities. 1425 10th Street is ideally positioned for commuters with quick and convenient access to public transportation (Pace bus lines) US Highway 41, and Interstate 94 with direct access to Chicago and Milwaukee, Wisconsin. 1425 10th Street is also less than 2 miles from a public beach lining 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.