June 28, 2024 – Anthony Spangler and Thomas Shanley of Horvath & Tremblay have successfully completed the sale of a five-unit multi-family property in Lockport, Illinois. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $800,000.
The property is located at 822 S Lincoln Street in Lockport, Illinois. The Property is improved by a two-story multi-family building with five (5) residential units with 4,500 square feet on living area on a 0.29-acre parcel of land. The Property features ample on-site parking as well as a 20 by 40 foot garage which the tenants use as storage. The Property is separately metered for electricity, heat, and hot water which the tenants pay directly. The Landlord pays for common electric and domestic water and sewer. The Property is well-located one block from E 9th Street and 0.5-miles from S State Street, the area’s primary commercial and commuter corridors. The location is walkable to numerous dining, drinking, shopping, cultural and entertainment amenities including Walmart Supercenter, Jewel-Osco, Aldi and Starbucks. The Property is close to area schools and is within 2.2-miles of Lewis University. The Property is located seconds from E 9th Street (IL Route 7) and S State Street (IL Route 171) the areas primary commuter and commercial corridors. The Property enjoys convenient access to multiple Pace bus routes, including Routes 832 and 834 providing convenient local access throughout the area. The Property is close to Interstate 355 and is 0.8-miles from the Lockport Metra Rail Station.
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.