June 20, 2025 – Danny Breiter and Anthony Spangler of Horvath & Tremblay have successfully completed the sale of a ten unit multi-family property in Chicago, Illinois. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $635,000.
The property is located at 5601 S Sawyer Avenue in Chicago, Illinois. The two-story building contains ten (10), 1-Bedroom/1-Bathroom residential units with 6,100 square feet of living area in 6,300 gross square feet on a 0.14-acre corner parcel. 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 Chicago’s Gage Park neighborhood, a densely populated residential area. The Property is one block from S Kedzie Avenue, one of the area’s primary commercial corridors, and offers convenient access to grocery stores, restaurants, and numerous other retail amenities. 5601-5603 S Sawyer Avenue is ideally positioned for commuters with quick and convenient access to public transportation including the Kedzie, Western and Midway Subway Stations, numerous municipal bus lines along S Kedzie Avenue and & W 55th Street, Interstates 55, 90 and 94, and IL Route 50.
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.