April 11, 2023 – Anthony Spangler of Horvath & Tremblay has successfully completed the sale of six (6) multi-family units in Hammond, Indiana. Horvath & Tremblay represented the seller to complete the transaction at a sale price of $568,000.
The multi-family investment property, located at 1104 169th Street in Hammond, Indiana is comprised of six (6), 1-Bedroom/1-Bathroom units with 4,050 square feet of total gross area. The well-maintained brick apartment building was constructed in 1965 on a 0.14-acre parcel of land. The Property also features on-site parking for six (6) vehicles. The Property is located about 0.3-miles east of Calumet Avenue (US Route 41) and 1-mile west of Indianapolis Boulevard, two of the primary north/south business thoroughfares in Hammond. The Property is approximately 1.3-miles from Interstate 94 and 4-miles from Interstate 90. Additionally, the property enjoys convenient access to the South Shore Line with service to Chicago and South Bend as well as Amtrak’s Wolverine at the Hammond Whiting Station. The Property is within walking distance of a multitude of national retailers, restaurants, and business establishments along Indianapolis Boulevard. The Property is close to the several area parks and nature preserves with picnic areas, and year-round outdoor activities, and is seconds from the Erie Lackawanna Trail, a 17-mile walking and biking trail. Additionally, the property is less than 1-mile from Purdue University’s Northwest-Hammond Campus, with more than 9,800 students.
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.