May 14, 2024 – Anthony Spangler of Horvath & Tremblay has successfully completed the sale of a four-unit multi-family property and a development lot in Merrillville, Indiana. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $522,500.
The property is located at 7380 & 7390 Gibson Street in Merrillville, Indiana. The Property is located along a quiet, tree-lined street in a residential neighborhood and consists of two adjacent lots. 7380 Gibson Street is a 1.02-acre parcel of land, and 7390 Gibson Street is improved by a two-story brick building containing four residential units comprised of three (3), 2-Bedroom/1-Bathroom units and one (1), 1-Bedroom/1-Bathroom unit with 3,500 square feet of living areas in 4,000 total square feet. The well-maintained building was constructed in 1980 and is situated on 1.02-acre parcel with abundant green space, a detached four (4) bay garage and additional on-site parking. The building also has a laundry facility that generates additional income. The property is located in Merrillville, Indiana which is a South Suburb of Chicago located along the border of Illinois and Indiana. The property is 1.5-mles from US Highway 30, the area’s primary commercial corridor, and enjoys convenient access to area schools and parks. The Property also offers convenient access to Interstate 65, which connects to Interstates 94 and 90. The quick highway access provides easy accessibility to both the Chicago Metro area and Northwest Indiana.
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.