June 3, 2022 – Andrew O’Connell and Anthony Spangler of Horvath & Tremblay have successfully completed the sale of thirteen (13) multi-family units in Lansing, Illinois. Horvath & Tremblay represented the seller to complete the transaction at a sale price of $1,100,000.
The multi-family investment property, located at 17614 Rosewood Drive in Lansing, Illinois, is a three-story, multi-family building, containing thirteen (13) rental units. The unit matrix includes one (1), 1-Bedroom/1-Bathroom units, eleven (11), 2-Bedroom/1-Bathroom units, and one (1) 3-Bedroom/1-Bathroom unit in 12,000 square feet of living area. The well-maintained brick apartment building was constructed in 1970 on a 0.40-acre parcel with off-street parking for thirteen (13) vehicles. The property is 0.3 miles 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 the Torrence Avenue exit ramp located within a mile of the property. The quick highway access provides easy accessibility to both the 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 Walmart Supercenter and 1-mile from a Walgreens, Dollar Tree and Burger King. The Property is also less than 1-mile 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.