December 10, 2021 – Ryan Link, Andrew O’Connell and Anthony Spangler of Horvath & Tremblay have successfully completed the sale of six (6) multi-family units in Woodridge, Illinois. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $660,000.
The multi-family investment property is located at 2516 Waterbury Drive in Woodridge, Illinois, and is comprised of six (6) multi-family units. The three-story brick apartment building was constructed in 1979 and contains six (6) multi-family units. The multi-family building has five (5), 2-Bedroom/1-Bathroom units and one (1), 1-Bedroom/1-Bathroom unit in 5,200 square feet of living area and 5,200 square feet of gross area on a 0.07-acre parcel. The property features on site laundry, and twelve (12) on-site parking spaces. The property is well located within the Waterbury Condominiums, a 400-unit condominium complex that is situated in a quiet residential community with mature trees and landscaping, a small pond, and a community recreation area. The property is in Woodridge, Illinois which is a Southwest Suburb of Chicago located directly off two major highways, I-355 and I-55, and enjoys close proximity to IL Routes 53 and 83. The property is a short drive or bus ride from the Belmont Metra Station for quick, direct access to Chicago and the surrounding areas. The property is located within 0.4-miles of the new Woodridge Park District Recreation Center, and less than 1-mile from Echo Point Park, Orchard Hill Park, and the Cypress Cove Family Aquatic Park. The property is also 2-miles from Greene Valley Forest Preserve with more than 20-miles of trails for walking/hiking/biking and features numerous outdoor recreation 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.