April 17, 2023 – Anthony Spangler and Thomas Shanley of Horvath & Tremblay have successfully completed the sale of six (6) multi-family units in Peotone, Illinois. Horvath & Tremblay represented the seller to complete the transaction at a sale price of $470,000.
The multi-family investment property, located at 536 Schroeder Avenue in Peotone, Illinois is comprised of six (6), 2-Bedroom/1-Bathroom units with 5,100 square feet of living area in 7,500 square feet of total gross area. The well-maintained brick apartment building was constructed in 1975 on a 0.3-acre parcel of land. The Property also features on-site parking for twelve (12) vehicles. The Property is located at the corner of W Wilmington Road and Schroeder Avenue offering residents quick and convenient access to Interstate 57 and the 4-lane Route 50. The Property is conveniently located near area schools and parks as well as Peotone’s retailers and businesses.
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.