April 29, 2022 – Andrew O’Connell and Anthony Spangler of Horvath & Tremblay have successfully completed the sale of two buildings with a total of twenty-four (24) multi-family units in Thornton, Illinois. Horvath & Tremblay represented the seller to complete the transaction at a sale price of $1,700,000.
The multi-family investment properties are located at 205 N Wolcott Street and 103 W Eleanor Street in Thornton, Illinois. The two properties both feature three-story buildings and contain twenty-four (24) total units, comprised of eight (8), 1-Bedroom/1-Bathroom units and sixteen (16), 2-Bedroom/1-Bathroom units with 10,200 square feet of living area in 12,000 square feet of total gross area. The properties are situated on a combined 0.31-acres of land and include off-street parking. The buildings feature low-maintenance brick construction, in-building laundry, and spacious floorplans. The properties are close to the Pace Bus Line, and Interstate 294. The quick highway access provides easy accessibility to both the Chicago Metropolitan and Northwest Indiana and the surrounding areas. Additionally, the properties are close to S Halsted Street, the area’s primary commercial corridor with an abundance of national retailers, restaurants, and bars. The properties are also just a few minutes from the Calumet METRA Station. Additionally, both properties boast convenient 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.