September 23, 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 represented the buyer to complete the transaction at a sale price of $804,000.
The two multi-family investment properties, located at 17622 Rosewood Drive and 2115 176th Place in Lansing, Illinois, are comprised of twelve (12) multi-family units in two (2) buildings. The three-story brick apartment buildings were constructed in 1972 and are located adjacent to the corner of Rosewood Drive and 176th Place in a densely populated residential neighborhood. The properties contain twelve (12) 2-Bedroom/1-Bathroom units in 10,500 square feet of livable space (12,000 square feet of gross area) on 0.31-acres of land. The properties are in a desirable, densely populated residential neighborhood that is just seconds from Interstate 94 and approximately 1/2-mile from Torrence Avenue (IL Route 83) the areas primary commercial thoroughfare. The properties benefits from strong demographics with more than 82,000 people living within a 3-mile radius of the properties with an average household income in excess of $75,000.
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.