December 23, 2021 – Andrew O’Connell and Anthony Spangler of Horvath & Tremblay have successfully completed the sale of eight (8) multi-family units in Steger, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $391,500.
The multi-family investment property is located at 3750 Green Street in Steger, Illinois, and is comprised of eight (8) multi-family units. The two-building, multi-family property, contains five (5), 2-Bedroom/1-Bathroom units, and three (3), 1-Bedroom/1-Bathroom units in 6,900 square feet of living area. The well-maintained multi-family property was constructed in 1950 on a 0.40-acre parcel with off-street parking for eight (8) vehicles. Four out of the eight units were rehabbed in 2019, and the roofs were replaced in 2010 and are in good shape with 30-year architectural shingles. The Property is located in a quiet residential neighborhood comprised mainly of single and multifamily homes and is just 500 feet from the Parkview Elementary School and Columbia Central Middle School.
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.