January 25, 2024 – Anthony Spangler of Horvath & Tremblay has successfully completed the sale of an eight-unit multi-family property in Matteson, Illinois. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $625,000.
The residential building is located at 21133 Kildare Avenue in Matteson, Illinois. The two-story, brick building contains eight (8) residential units comprised of four (4), 1-Bedroom/1-Bathroom units and four (4) 2-Bedroom/1-Bathroom units with 6,000 square feet of living area in 8,000 square feet of gross area on a 0.47-acre parcel. The Property features an on-site laundry facility, each unit has a private patio or deck, and 16+ on-site parking spaces. The Property is situated along a tree lined residential street that is seconds from Lincoln Highway (US Route 30), the area’s primary commercial corridor. The Property offers convenient access to several large shopping centers and enjoys convenient access to grocery stores (Meijer, Pete’s Fresh Market, Aldi, and Save A Lot), retailers (Home Depot, Sam’s Club, JC Penney, Marshalls, Ross, CVS, Walgreens), restaurants (Red Lobster, Chipotle, Panera, McDonald’s, KFC, Burger King, and Dunkin’), and countless other retailers and service tenants. 21133 Kildare Avenue is ideally positioned for commuters with quick and convenient access to public transportation (the 211th Street, Matteson and Richton Park METRA Stations and the Pace bus line), and US Route 30 and Interstate 57. The Village of Matteson is located just 25 miles south of the Chicago Loop and offers convenient access to the city via I-57 and Metra Trains.
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.