March 24, 2020 – Andrew O’Connell and Anthony Spangler of Horvath & Tremblay have successfully completed the sale of twelve (12) multi-family units in Lansing, Illinois. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $840,000.
The multi-family investment property, located at 18509 School Street in Lansing, 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 on a 0.31 acre corner 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 property is in a desirable residential neighborhood and is just a short walk to both the town’s Junior High School and High School. Additionally, 18509 School Street is a strong commuter location, offering residents easy access to I-94, and convenient regional access to Chicagoland and northwest Indiana via Interstates 80, 294, 394 and US Route 6. The property also benefits from strong demographics; approximately 215,395 people live within a 5-mile radius with an average household income in excess of $73,000.
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.