October 25, 2022 –Anthony Spangler and Andrew O’Connell of Horvath & Tremblay have successfully completed the sale of nineteen (19) multi-family units in Whiting, Indiana. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $1,425,000.
The multi-family investment property, located at 1923 Clark Street in Whiting, Indiana contains a total of nineteen (19) units comprised of thirteen (13) 1-Bedroom/1-Bathroom units and six (6) Studio units with 15,696 square feet of total gross area on a 0.1-acre corner parcel of land. The Property is located in the densely-populated, supply-constrained neighborhood of Robertsdale which is landlocked to the east and west by Lake Michigan and Wolf Lake. The city is also bordered by the Chicago Neighborhood of East Side to the north, and the city of East Chicago, Indiana to the south. 1923 Clark Street enjoys close proximity to the commercial and commuter corridors of Calumet Ave (US Route 41) and Indianapolis Boulevard (US Route 20) as well as the Indiana Toll Road (I-90), providing quick access for workers and travelers to downtown Chicago. The Property is also located 1.2-mile from Hammond-Whiting Station, served by the South Shore Commuter Train and Amtrak’s high speed “Wolverine” route from Chicago to Detroit. The Property benefits from its location in the northern portion of Whiting, and is close to national retailers (Walmart Supercenter, Strack & Van Til, and Ross), national restaurants (McDonald’s, Starbucks, Dunkin’, IHOP, Taco Bell, and Popeye’s), the Hammond Horseshoe Casino, several beaches along the shores of Lake Michigan, and Wolf Lake.
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.