July 1, 2025 – John Preston and Kelsey Zurweller of Horvath & Tremblay have successfully completed the sale of a ten unit multi-family property in Des Plaines, Illinois. Horvath & Tremblay procured the buyer to complete the transaction at a sale price of $1,550,000.
The property is located at 429 S Western Avenue in Des Plaines, Illinois. 429 S Western Avenue is a three-story multi-family brick building and contains ten (10), 2-Bedroom/1-Bathroom units with 8,000 square feet living area in 8,500 square feet of total gross area on a 0.21-acre parcel of land. The Property offered ample on-site parking with 4 garage stalls and nine surface spaces, as well as an on-site laundry facility. The current rents for the property are below market. The opportunity exists to increase rents to market rates in a high demand, supply constrained market. 429 S Western Avenue is well-located in a quiet residential neighborhood on the outskirts of Downtown Des Plaines. The Property is situated in between US Routes 12 and 14 and is a short walk from Metropolitan Square and Rand Road, S River Road, and Miner Street, the area’s primary commercial corridors. The location offers convenient access to area highways, public transportation (Pace & Metra), and numerous recreational and entertainment amenities. Des Plaines is a vibrant suburb of Chicago and is situated about 17 miles northwest of the city.
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.