September 7, 2023 – Anthony Spangler of Horvath & Tremblay has successfully completed the sale of four (4) multi-family units in Hammond, Indiana. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $325,000.
The multi-family investment property, located at 414 Detroit Street in Hammond, Indiana is comprised of a two-story, multi-family building, containing four (4) 3-Bedroom/2-Bathroom townhouse units with 9,468 square feet of total gross area. The well-maintained brick apartment building was constructed in 1926 on a 0.14-acre parcel of land. Each unit contains a full basement and private front porches, and is separately metered for electricity, heat, hot water, and air conditioning. 414 Detroit Street is located 0.5-miles west of Calumet Avenue, one of the primary north/south business thoroughfares in Hammond. The Property is less than 3-miles from Interstates 94 and 90 and US Routes 6 and 20. 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 number of national retailers, restaurants, and business establishments along Calumet Avenue. The Property is close to the several area parks and nature preserves with picnic areas, and year-round outdoor activities, and is close to the Erie Lackawanna Trail, a 17-mile walking and biking trail. The Property is also close to area schools and is 3-miles 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.