December 16, 2021 – Andrew O’Connell and Anthony Spangler of Horvath & Tremblay have successfully completed the sale of six (6) multi-family units in Lansing, Illinois. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $405,000.
The multi-family investment property is located at 18422 Torrence Avenue in Lansing, Illinois. The two-story, multi-family building containing six (6) rental units is comprised of two (2), 1-Bedroom/1-Bathroom units, and four (4), 2-Bedroom/1-Bathroom units in 3,686 square feet of living area. The Property is separately metered for electric, gas fired heat, and hot water, which the tenants pay directly. The well-maintained brick apartment building was constructed in 1960 on a 0.19-acre parcel with off-street parking for eight (8) vehicles. The property is 200 feet from the Pace Bus Line, and 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. Additionally, the property is a few miles from both the Homewood and Calumet METRA Stations and the Cardinal Line in Dyer, IN. The Property is within walking distance of a multitude of business establishments in Lansing. The Property is 0.5-miles from a Walgreens, Dollar Tree, Burger King, and 1-mile from a Walmart Supercenter. The Property is less than 0.25-miles from Lansing Woods and Brownell Woods, a nature preserve with walking and biking trails, picnic areas, and year-round 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.