February 28, 2025 – Anthony Spangler of Horvath & Tremblay has successfully completed the sale of a seven unit multi-family property in Chicago Ridge, Illinois. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $735,000.
The property is located at 10613 Major Avenue in Chicago Ridge, Illinois. The Property is improved by a three-story brick multi-family building and contains seven (7), 2-Bedroom/1-Bathroom residential units with 3,328 square feet of living area in 4,000 gross square feet on a 0.07-acre parcel. Each unit has a private balcony, and the property features an on-site laundry facility and ample parking for residents. Rents in the property are below market. The opportunity exists to increase rents to market rates in a high demand, supply constrained residential market. The Property is well located in a densely populated residential community just two blocks from Central Avenue. The property offers convenient access to grocery stores, restaurants, and numerous other retail amenities. 10613 Major Avenue is ideally positioned for commuters with quick and convenient access to public transportation (the Oak Lawn and Chicago Ridge METRA Stations and numerous Pace bus lines along W 111th Street & W 95th Street), Interstate 294, and US Route 20.
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.