July 14, 2023 – Anthony Spangler of Horvath & Tremblay has successfully completed the sale of a six-unit multi-family property in Lansing, Illinois. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $465,000.
The residential building is located at 17715 Park Boulevard in Lansing, Illinois. The three-story apartment building was constructed in 1976 and contains six (6) 2-Bedroom/1-Bathroom units with 5,880 square feet of living area on a 0.16-acre lot with on-site parking for twelve (12) vehicles. The Property also features a new pitched shingle roof, individually metered utilities, and private balconies/patios for each unit. The Property is within walking distance of a multitude of business establishments in Lansing. The Property is 1.5-miles from a Walgreens, Dollar Tree, Burger King, and a Walmart Supercenter. The Property enjoys close proximity to Wampum Lake and Brownell Woods, a nature preserve with walking and biking trails, picnic areas, and year round outdoor activities. The property benefits from excellent access to the Kingery Expressway, which connects I-80, I-94, I-294, I-394, IL-83, and US-6 at the Torrence Avenue exit ramp located within 1.5-miles of the property. 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 both the Homewood and Calumet METRA Stations 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.