August 12, 2022 – Ryan Link, Andrew O’Connell and Anthony Spangler of Horvath & Tremblay have successfully completed the sale of ten (10) multi-family units in Lombard, Illinois. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,100,000.
The multi-family investment properties are located at 15 N Martha Street and 12 N Craig Place in Lombard, Illinois. The three-story brick buildings contain ten (10) total units (5-units in each building) made up of eight (8), 1-Bedroom/1-Bathroom units, and two (2), 3-Bedroom/2-Bathroom units in 7,136 square feet of living area on a combined 0.47-acres of land. The Properties are adjacent and have a shared parking facility that features fifteen (15) on-site parking spaces, individual laundry facilities (one in each building), and well-maintained green space surrounding the buildings. The two Properties are extremely well-located in a densely populated residential community approximately 0.3-miles from the Lombard Metra Station and Main Street, which provides convenient access to N Avenue (IL Route 64) and Roosevelt Road (IL Route 38), Lombard’s two primary commercial corridors. The Properties enjoy access to grocery stores, restaurants, and numerous other retail amenities. The Properties are ideally positioned for commuters with quick and convenient access to public transportation (the Lombard METRA Station), Interstate 355, and Interstates 290 & 294.
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.