January 11, 2022 – Andrew O’Connell and Anthony Spangler of Horvath & Tremblay have successfully completed the sale of thirty-four (34) multi-family units in Thornton, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $2,500,000.
The multi-family investment property is located at 501 and 507 Chicago Avenue in Thornton, Illinois. The property consists of two (2), two-story buildings that contain thirty-four (34) total units, including twenty (20), 1-Bedroom/1-Bathroom units, ten (10), 2-Bedroom/1-Bathroom units, and four (4), studio units. The property is situated on a .889-acre lot and includes 50 off-street parking spaces. The building features low-maintenance brick construction, in-building laundry, and spacious floorplans. The property is close to 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 the Torrence Avenue exit ramp located within a few miles 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 also boasts easy access to greenspace like Wampum Lake, Jurgensen Woods, Cook County Forest Preserve, and Thornton-Lansing Road Nature Preserve.
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.