August 12, 2021 – Andrew O’Connell and Anthony Spangler of Horvath & Tremblay have successfully completed the sale of six (6) multi-family units in Alsip, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $387,500.
The multi-family investment property is located at 12727 S La Crosse Avenue in Alsip, Illinois. The property is a three-story, brick building containing a total of six (6), 2-Bedroom/1-Bathroom units in 5,400 square feet of living area and 5,848 square feet of gross area on a 0.20-acre parcel. The property offers twelve (12) on-site parking spaces, a laundry facility, and private balconies for all six (6) of the units. The property is located in suburban Alsip, 15 miles southwest of the Chicago Loop and 8 miles south of Midway Airport, with convenient access to I-294 (Tri-State Tollway) and I-57. The property is also walkable to local bus service and is 3-miles from both the Prairie Street Metra Station and the Blue Island Metra Station, which provides service on both the RI Line and the ME Line. The property is located in a beautiful residential neighborhood comprised mainly of similar, well-kept multi-family buildings. The property is ½-mile from the Cal-Sag Trail and 2-miles from the Burr Oak Woods (Cook County Forest Preserve), offering abundant green space, nature trails and outdoor activities.
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.