July 21, 2021 – Andrew O’Connell and Anthony Spangler of Horvath & Tremblay have successfully completed the sale of four (4) multi-family units in Lansing, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $267,400.
The multi-family investment property is located at 18508 Torrence Avenue in Lansing, Illinois. The Property includes a two-story, multi-family building, containing four (4) rental units. The unit matrix includes one (1), 1-Bedroom/1-Bathroom unit, and three (3), 2-Bedroom/1-Bathroom units in 3,200 square feet of living area and 4,000 gross square feet. The well maintained brick apartment building was constructed in 1972 on a 0.15-acre parcel with off-street parking for eight (8) vehicles. Each unit is separately metered for electricity and gas fired heat and hot water, which the tenants pay directly. The property is located in Lansing, Illinois which is a South Suburb of Chicago located along the border of Illinois and Indiana. The property has excellent access to the Kingery Expressway, which connects I-80, I-94, I-294, I-394, IL-83, and US-6 at Torrence Ave exit ramp located within a mile of the property. The quick highway access provides easy accessibility to both Chicago Metropolitan and Northwest Indiana and the surrounding areas.
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.