June 26, 2024 – Anthony Spangler of Horvath & Tremblay has successfully completed the sale of an eleven-unit multi-family property in Crestwood, Illinois. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,250,000.
The property is located at 5720 W 128th Street in Crestwood, Illinois. The Property is comprised of a three-story building that contains eleven (11) total units, consisting of ten (10) 2-Bedroom/1-Bathroom units and one (1) 3-Bedroom/2-Bathroom unit with 10,000 square feet of living space in 12,000 square feet of gross area, on a 0.6-acre parcel. The building features low-maintenance brick construction, twenty-four (24) total parking spaces, and a detached garage. Additionally, each of the units features a private patio or balcony. The Property is well-located in a quiet residential neighborhood in the north end of Crestwood. The Property enjoys convenient access to W 127th Street (IL Route 83), Cal Sag Road and South Cicero Avenue (IL Route 50), the primary commercial corridor traversing Crestwood that provides access to a large array of retail, entertainment, and service amenities, including the Rivercrest Shopping Center. 128th Street is a short walk to a Pace bus stop at the major intersection of W 127th Street (IL Route 83) and Cal Sag Road. The Property is 1.3-miles from Interstate 294, which provides a direct route to Chicago. Crestwood is situated 22 miles southwest of The Loop in Downtown Chicago.
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.