May 1, 2022 – Madison Mueller of Horvath & Tremblay has successfully completed the sale of a twelve (12) unit multi-family Property in Mount Prospect, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,100,000.
The multi-family Property is located at 329 & 333 W Hawthorne Circle in Mount Prospect, Illinois. The Properties are comprised of two co-located multi-family buildings and contain a total of twelve (12) residential units consisting of six (6), 2-Bedroom/1-Bathroom units and six (6), 1-Bedroom/1-Bathroom units spread over two (2), three story, brick buildings with a total of 9,100 square feet of living area on 0.12-acres of land. The buildings are part of a well-run and affordable association that covers parking, landscaping, snow removal and carting, decreasing the day-to-day management of the Properties. The Properties feature spacious units and eight of the twelve units have private balconies. 329 and 333 W Hawthorne Circle are well-located approximately 4-miles west of downtown Des Plaines. The Properties are located within 500 feet of one another and are 0.2-miles from the highly trafficked intersection of Dempster Street and Elmhurst Road (IL Route 83), which is home to numerous national retailers and restaurants including Jewel-Osco, Kohl’s, Walgreens, Advance Auto Parts, McDonald’s, Burger King, Taco Bell, KFC, Jimmy John’s, Subway, Dunkin’ Donuts, and Popeye’s. The Properties are located within 0.5-miles of Kopp Park, 1-mile from High Ridge Knolls Park, 2-miles from Prairie Lakes Park and the Prairie Lakes Community Center and Mountain View Adventure Center, and 3.5-miles from Busse Woods. These area parks offer ample green space, trails for walking/hiking/biking and numerous outdoor recreation areas. The location offers convenient access to area highways, public transportation (Pace & Metra), and numerous recreational and entertainment amenities.
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.