December 18, 2023 – Anthony Spangler of Horvath & Tremblay has successfully completed the sale of a thirty-six-unit multi-family property in Calumet City, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,850,000.
The residential property is located at 551-559 & 561 Wentworth Avenue in Calumet City, Illinois. The Property is comprised of three (3), adjacent 3-story multi-family buildings containing a total of thirty-six (36) residential units. The unit matrix includes thirty-three (33), 1-Bedroom/1-Bathroom units and three (3), Studio units with 30,000 square feet of living area in 36,000 square feet of gross area. The well-maintained brick apartment buildings were constructed in 1968 on 0.52-acres of land with twenty (20) on-site parking spaces. The Property is within walking distance of a multitude of retailer and businesses in the area. The Property is 0.5-miles from a Strack & Van Til Grocery Store, Family Dollar, Popeye’s & Wendy’s, and 3-miles from the River Oaks Center (an enclosed Mall and Open-air Center). The Property is less than 2-miles from Burnham Woods and 3-miles from the Forest Preserves of Cook County, a nature preserve with walking and biking trails, picnic areas, and year-round outdoor activities. The property is 100 feet from the Pace Bus Line and has excellent access to the Kingery Expressway, which connects with I-80, I-94, I-294, I-394, IL-83, and US Routes 20, 41 and 6. The quick highway access provides easy accessibility to both Chicago Metropolitan and Northwest Indiana and the surrounding areas. Additionally, the property is 1.7-miles from both the Hammond Train Station 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.