May 11, 2021 – Jonah Carman of Horvath & Tremblay has successfully completed the sale of fourteen (14) multi-family units in Melrose Park, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,080,000.
The multi-family investment property, located at 2054 N 18th Avenue in Melrose Park, Illinois, is comprised of fourteen (14) multi-family units. The three-story, brick building contains six (6) 1-Bedroom/1-Bathroom units, seven (7) 2-Bedroom/1-Bathroom units, and one (1) 3-Bedroom/2.5-Bathroom unit in 12,150 square feet of living area and 14,475 square feet of gross area on a 0.34-acre parcel. The Property is well-located in a densely populated residential community with fourteen (14) parking spaces, just a few blocks away from W North Avenue, the areas primary commercial corridor. The property offers convenient access to grocery stores, restaurants, and numerous other retail amenities. 2054 N 18th Avenue is ideally positioned for commuters with quick and convenient access to public transportation (the Melrose Park, Franklin Park, and River Grove METRA Stations and numerous Pace bus lines) and Interstate 290, Interstate 294, and US Route 45. The Property is also 1.25-miles from Gottlieb Memorial Hospital and 1.75 miles from Triton College.
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.