December 17, 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 $780,000.
The multi-family investment property is located at 2105 W 176th Place in Lansing, Illinois, and is comprised of twelve (12) multi-family units. The three-story brick apartment building was constructed in 1971 and is located adjacent to the corner of Rosewood Drive and 176th Place in a densely populated residential neighborhood. The property contains six (6) 2-Bedroom/1-Bathroom units and six (6) 1-Bedroom/1-Bathroom units in 10,500 square feet of livable space. The property is 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 property benefits from strong demographics with more than 82,000 people living within a 3-mile radius of the property 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.