February 24, 2023 – Anthony Spangler and Andrew O’Connell of Horvath & Tremblay have successfully completed the sale of a seven-unit multi-family property in Lansing, Illinois. Horvath & Tremblay represented the seller to complete the transaction at a sale price of $390,000.
The residential building is located at 18006 Wentworth Avenue in Lansing, Illinois. The Multi-Family Property consists of a two-story multi-family brick building with seven (7) residential units comprised of two (2) 2-Bedroom/2-Bathroom townhouse units, one (1) 2-Bedroom/1-Bathroom unit, two (2) 1-Bedroom/1-Bathroom units, and two (2) Studio units with 6,700 square feet of living area in 7,000 square feet of total gross area on a 0.25-acre parcel of land. The Property features an on-site laundry facility, and parking for nine vehicles (including a 2-car garage that is attached to one of the townhouse units). The building features new furnaces and hot water heaters in the common basement for the five (5) non townhouse units. The Property is approximately 0.3-miles from several nationally branded retailers including Walgreens, Aldi, Dollar Tree, and Buffalo Wild Wings along both Wentworth Avenue and Ridge Road. The Property enjoys excellent access to the Kingery Expressway, which connects I-80, I-94, I-294, I-394, IL-83, and US-6 at Torrence Ave exit ramp. The quick highway access provides easy accessibility to both Chicago Metropolitan and Northwest Indiana and the surrounding areas. Additionally, the Property is a few miles from the Homewood and Calumet METRA Stations, The Hammond Train Station and the Cardinal Line in Dyer, IN. Lansing features a strong rental market, with a good school system and proximity to Chicago creating high demand and low vacancy.
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.