Horvath & Tremblay Brokers Sell Mixed-Use Property In Berwyn, IL For $3.5M

A mixed-use property located at 3419 S Harlem Avenue in Berwyn, IL has been sold for $3,525,000. The property consists of 4 retail units and 40 1-bedroom apartments, totaling 44 units. With a total square footage of 40,000, the property was sold at a price per square foot of $88. The transaction took place on February 7, 2022. The property is estimated to have a 7.5% Cap Rate.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $3,525,000
• Units: 44
• Price per Unit: $80,114
• Square Footage: 40,000
• Price per Square Foot: $88

The sale of this mixed-use property was facilitated by brokers Anthony Spangler, Andrew O'Connell, and John Przybyla from Horvath & Tremblay. Their expertise and representation were crucial in successfully closing the deal.