September 16, 2024 – Anthony Spangler and Thomas Shanley of Horvath & Tremblay have successfully completed the sale of an eleven unit multi-family property in Joliet, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,225,000.
The property is located at 20 E Cass Street in Joliet, Illinois. The three-story brick and masonry building contains eleven (11) units comprised of one (1) commercial unit leased to iLEAD BSTEM, and ten (10), 2-Bedroom/1-Bathroom units with 18,018 square feet of gross area on a 0.33-acre parcel. The Property features ample on-site parking at the rear of the Property. The Property is situated along E Cass Street (US Route 30), the area’s primary commercial corridor. The location is positioned in the heart of downtown Joliet and offers convenient access to area employers, municipal offices, retailers (Walgreens, Dollar Tree, El Ranchito Supermarket, AutoZone), restaurants (McDonald’s, Burger King, Starbucks, Popeyes, Subway), and numerous other local retailers and service tenants. The Property is also just 0.5-miles from the banks of the Des Plaines River and Harrah’s Casino. 20 E Cass Street is ideally positioned for commuters with quick and convenient access to public transportation including the Joliet Transportation Center with METRA service and the Pace bus line (0.4-miles) and area highways including US Routes 30, 6, and 52, and Interstates 80, 55, and 355. Joliet is a city in Will and Kendall counties and is the third largest city in Illinois. Joliet is located 30 miles southwest of the Chicago Loop and offers convenient access to the city via Interstates 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.