June 24, 2020 – Andrew O’Connell and Anthony Spangler of Horvath & Tremblay have successfully completed the sale of six (6) multi-family units in Chicago, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $535,000.
The multi-family investment property, located at 4740 W Jackson Boulevard in Chicago, Illinois is comprised of six (6) multi-family units. The four-story brick apartment building was constructed in 1924 and contains two (2) 4-Bedroom/2-Bathroom units, and four (4) 3-Bedroom/2-Bathroom units in 7,900 square feet of living area in 14,200 square feet of gross area on a 0.19-acre parcel of land. 4740 W Jackson Boulevard is located in a strong rental area with excellent long-term potential due to increased population growth and rental demand continuing West of the Central business District. The property is well located on Jackson Boulevard within close proximity to Garfield Park Conservatory and the Eisenhower Expressway (I-290), which provides easy access to Downtown Chicago and the surrounding areas. The Property is just one block from Cicero Avenue with convenient access to Cicero Station (“L” Blue Line), and CTA bus service along Cicero Avenue. The property also benefits from exceptional demographics with more than 420,000 people living within a 3-mile radius.
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.