January 10, 2024 – Kelsey Zurweller and John Preston of Horvath & Tremblay have successfully completed the sale of a six-unit multi-family property in Niles, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $850,000.
The residential building is located at 8851 N Cumberland Avenue in Niles, Illinois. The three-story brick building contains six (6) units made up of five (5), 2-Bedroom/1-Bathroom units, and one (1), 1-Bedroom/1-Bathroom unit with 4,975 square feet of living area in 5,049 square feet of total gross area on 0.23-acres of land. The Property features an on-site laundry facility and six parking spaces. The Property is extremely well-located in a densely populated residential community approximately 0.5-miles from the intersection of N Milwaukee Avenue (IL Route 21) and Dempster Street (US Route 14), two of the area’s primary commercial corridors. The Property enjoys access to grocery stores, restaurants, and numerous other retail amenities. The Property is ideally positioned for commuters with quick and convenient access to public transportation (the Morton Grove and Dee Road METRA Stations), the Cumberland and Dempster-Skokie “L” Stations, and Interstates 294, 94, and 90.
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.