January 3, 2020 – Andrew O’Connell and Anthony Spangler of Horvath & Tremblay have successfully completed the sale of twelve (12) multi-family units in Matteson, Illinois. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $860,000.
The multi-family investment property, located at 4300 Lindenwood Drive in Matteson, Illinois, is comprised of twelve (12) multi-family units. Constructed in 1972, the brick, garden-style apartment building consists of 10,500 square feet of living area (13,000 gross square feet) on a 0.55 acre parcel with off street parking. The property has a desirable unit mix featuring ten (10) two-bedroom, one-bathroom units and two (2) one-bedroom, one-bathroom units. The village of Matteson is a southern suburb of Chicago with convenient highway access via Intestate 57 and through public transportation access via three Metra Train Stations. 4300 Lindenwood Drive is located 0.3 miles from the high density retail corridor along US Route 30. The property benefits from strong demographics; currently 68,276 people live within a 5-mile radius with an average household income in excess of $84,892.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. 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.