December 6, 2023 – John Preston of Horvath & Tremblay has successfully completed the sale of a seven-unit mixed-use building in Chicago, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,530,000.
The mixed-use building is located at 5750-5756 N Rogers Avenue in the Sauganash neighborhood of Chicago, Illinois. The two-story brick building contains three (3) retail units at street-level and four (4) permitted residential units, consisting of one (1) 2-Bedroom/1-Bathroom units, one (1) 2-Bedroom/2-Bathroom unit, one (1) 3-Bedroom/1-Bathroom unit, and one (1) 3-Bedroom/2-Bathroom unit. The building has 10,800 square feet of living area within 11,000 total gross square feet and sits on a 0.22-acre corner parcel of land. The Property is well-located on the corner of N Kilbourn Avenue and N Rogers Avenue and is seconds from N Cicero Avenue and W Peterson Avenue, the area’s primary commercial corridor. Transportation options near the property include Bus lines 84, located at the corner of N Kilbourn Avenue and W Peterson Avenue, and 54A a short walk from the Property at the corner of N Forest Glen Avenue and N Cicero Avenue. The Property offers access to subway service on the CTA Blue line at the Montrose “L” Station and the CTA Brown Line at the Kimball “L” Station, and commuter rail service via the Forest Glen Metra Stations. The location also offers exceptional access to area highways for those traveling by car via Interstate 94 and 90 and US Highways 14 and 41. The Property is also within 2.5-miles of North Park University and Northeastern Illinois University.
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.