July 21, 2023 – Anthony Spangler and Thomas Shanley of Horvath & Tremblay have successfully completed the sale of a four-unit multi-family property in Plainfield, Illinois. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $655,000.
The residential building is located at 24246 W Main Street in Plainfield, Illinois. The two-story apartment building was constructed in 1988 and contains four (4), 2-Bedroom/1-Bathroom units with 4,288 square feet of living area on a 0.44-acre lot with on-site ample on-site parking in the rear of the Property. The Property also features a new pitched shingle roof, individually metered utilities, and direct entry for each unit. Additionally, the Property is situated on the banks of the DuPage River and offers ample green space for the residents. The Property is within walking distance of a multitude of business establishments in Plainfield. The Property is 0.5-miles from a Walgreens, Starbucks, and 7-Eleven. The Property enjoys close proximity to the DuPage River and Settlers Park, a nature preserve with walking and biking trails, picnic areas, and year round outdoor activities. The property benefits from excellent access to IL Routes 59 and 126, US Route 30, and Interstate 55 which provides direct access to Downtown Chicago, and other interstates (80, 294 and 355). Additionally, the property is a few miles from the Lockwood METRA Station.
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.