October 20, 2023 – Anthony Spangler of Horvath & Tremblay has successfully completed the sale of an eight-unit multi-family property in Lansing, Illinois. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $490,000.
The residential building is located at 2330 182nd Place in Lansing, Illinois. 2330 182nd Place consists of a two-story multi-family brick building with eight (8) residential units comprised of five (5) 1-Bedroom/1-Bathroom units and three (3) 2-Bedroom/1-Bathroom units with 5,565 square feet of living area in 6,000 square feet of total gross area on a 0.43-acre parcel of land. The Property features an on-site laundry facility, direct entry units, and parking for sixteen vehicles. The building also has new steel walkways and a newer roof. The Property is within walking distance of a multitude of business establishments in Lansing. The Property is 1-mile from a Walgreens, Dollar Tree, Burger King, and a Walmart Supercenter. The Property is also less than 2-miles from Wampum Lake and Brownell Woods, a nature preserve with walking and biking trails, picnic areas, and year round outdoor activities. The property is close to the Pace Bus Line, and has excellent access to the Kingery Expressway, which connects I-80, I-94, I-294, I-394, IL-83, and US-6 at Torrence Ave exit ramp located within a mile 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.
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.