February 23, 2023 – Anthony Spangler and Andrew O’Connell of Horvath & Tremblay have successfully completed the sale of a six-unit multi-family property in Alsip, Illinois. Horvath & Tremblay represented the seller to complete the transaction at a sale price of $400,000.
The residential building is located at 11832 Karlov Avenue in Alsip, Illinois. The Multi-Family Property is comprised of six (6) residential units consisting of five (5), 2-Bedroom/1-Bathroom units and one (1), 1-Bedroom/1-Bathroom units with 5,200 square feet of living area in 5,718 square feet of total gross area on 0.2-acre parcel of land with six (6) 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 several other municipal parks. The property is 0.2-miles from S Pulaski Road, the area’s primary commercial corridor, offering numerous restaurants, shopping, and entertainment venues including the Jewel-Osco, Food 4 Less, Aldi, Walgreens and Family Dollar and numerous restaurants including McDonald’s, Burger King, Taco Bell, and Dunkin’. The property is located 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 2.6-miles from the 119th Street Metra Station which provides service on 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.