May 31, 2023 – Anthony Spangler and Thomas Shanley of Horvath & Tremblay have successfully completed the sale of sixteen (16) multi-family units in Momence, Illinois. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $960,000.
The multi-family investment properties, located at 404 and 410 Hickory Circle in Momence, Illinois consist of two co-located two-story multi-family brick buildings containing a total of sixteen (16), 2-Bedroom/1-Bathroom units on a total of 0.75-acres of land. The Properties offer ample on-site parking, on-site laundry facilities, and well-maintained and landscaped grounds. Each unit is separately metered for electricity, heat (electric baseboard), and hot water, which the Tenants pay directly. The Landlord is responsible for water and sewer. The two-story buildings feature a brick exterior and beautifully landscaped grounds. The buildings have been well maintained and each unit has a private balcony or patio. The Properties also feature ample on-site parking and a laundry facility in each building. Both buildings are located along a cul-de-sac in a quiet residential neighborhood. The Properties are conveniently located within 0.5-miles of the Momence Junior High School and Elementary School. The Properties are 0.75-miles from Gladiolus Street (IL Route 17), the area’s primary commercial and commuter corridor offering convenient access to the area’s retailers and restaurants. Momence is a small town in eastern Illinois approximately 14 miles east of Kankakee and 50 miles south of Chicago.
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.