November 23, 2022 – Anthony Spangler and Andrew O’Connell of Horvath & Tremblay have successfully completed the sale of twelve (12) multi-family units in Alsip, Illinois. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $1,250,000.
The multi-family investment property is located at 12635 Alpine Drive in Alsip, Illinois. The Multi-Family Property is comprised of twelve (12) residential units consisting of ten (10), 2-Bedroom/1-Bathroom units and two (2), 1-Bedroom/1-Bathroom units with 10,200 square feet of living area in 12,000 square feet of total gross area on 0.36-acre parcel of land with twenty-four (24) tenant parking spaces. The property is located in a residential neighborhood comprised mainly of similar, well-kept multi-family buildings. The Property is close to the Cal-Sag Trail and the Cook County Forest Preserve. 12635 Alpine Drive is 1-mile from Cicero Avenue, the area’s primary commercial corridor, offering numerous restaurants, shopping, and entertainment venues including the Rivercrest Shopping 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. The property is situated 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 approximately 4-miles from both the Worth Metra Station and the Robbins Metra Station, which provides service on both the SWS Line and the RI Line.
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.