January 21, 2022 – Andrew O’Connell and Anthony Spangler of Horvath & Tremblay have successfully completed the sale of eleven (11) multi-family units in Alsip, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,130,000.
The multi-family investment property consists of two buildings located at 5544 & 5548 Cal Sag Road in Alsip, Illinois. The buildings were constructed in 1970 on a 0.5-acre parcel of land and contain eleven (11) apartments. The desirable unit mix is made up of of two (2), 1-Bedroom/1-Bathroom units, eight (8), 2-Bedroom/1-Bathroom units, and one (1) 3-Bedroom/1-Bathroom unit with 9,000 square feet of living area in 11,000 square feet of gross area. The buildings feature some balconies/patios, in-building washers and dryers, mature trees and shrubs, and abuts the Cal Sag Trail and the Little Calumet River, which offers ample green space and recreation options. The property also offers convenient on-site parking with 12 tenant spaces. The Property is located in a beautiful residential neighborhood comprised mainly of similar, well-kept multi-family buildings. The Property is located in suburban Alsip, 15 miles southwest of the Chicago Loop and 8 miles south of Midway Airport, with convenient access to I-294 (Tri-State Tollway) and I-57. The Property is also walkable to local bus service and is 4-miles from both the Robbins Metra Station and the Palos Park Metra Station, which provides service on both the RI Line and the SWS Line. The property is 1.3-miles from Cicero Avenue, the area’s primary commercial corridor, offering numerous restaurants, shopping and entertainment venues. Additionally, the property is just 1.2-miles from the Rivercrest Chopping Center, which is home to Target, Kohl’s, AMC Crestwood, and numerous restaurants. A Walmart and Starbucks are also located just across the street from Rivercrest.
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.