November 23, 2021 – Anthony Spangler and Andrew O’Connell of Horvath & Tremblay has successfully completed the sale of six (6) multi-family units in Chicago Heights, Illinois. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $265,000.
The multi-family investment property is located at 37-39 W 14th Place in Chicago Heights, Illinois. The property is a brick, garden-style building and contains six (6), 2-Bedroom/1-Bathroom units in 6,000 square feet of livable area (7,854 gross square feet) on a 0.2-acre corner parcel with on-site parking for 6 vehicles. Each unit is separately metered for electricity. The property is located in a densely populated, well kept, residential neighborhood adjacent to the U.S. 30 (Lincoln Highway) retail corridor. The property is less than ½-mile from Halstead Woods (Cook County Forest Preserve), 1-mile from Indian Hill Woods and Joe Orr Woods, offering abundant green space, nature trails, and outdoor activities. 37-39 W 14th Place offers residents convenient bus service provided by Pace (500 feet away), highway access into Downtown Chicago via nearby I-57, and via 3 Metra Train Stations, the closest of which, at 211th Street and U.S. 30, is located 3-miles from the Property. Numerous amenities are within walking distance or a short drive including Walmart Supercenter, ALDI, Food-4-Less, CVS, Walgreens, Dollar Tree, and several local fast casual and national quick-serve food chains like McDonald’s, White Castle, Wendy’s, Burger King, KFC, and Dunkin’.
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.