September 25, 2024 – Anthony Spangler of Horvath & Tremblay has successfully completed the sale of a thirty-three unit mixed-use property in Palos Hills, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $3,375,000.
The property is located at 10700 S Roberts Road in Palos Hills, Illinois. The two-story, brick building contains thirty-three (33) units comprised of twenty-four (24) residential units and nine (9) office/retail units. The well-maintained building has 25,660 square feet of rentable area on a 1.14-acre parcel. The Property has benefited from significant capital improvements over the last several years. Under current ownership, the Property has undergone extensive renovation, encompassing the replacement of all major systems and the remodeling of numerous units, elevating them to condo-quality standards. The Property features ample on-site parking with twenty-two (22) office/retail parking spaces and twenty-nine (29) resident spaces. Additionally, the Property has an on-site laundry facility for residents. The Property is well-located at the signalized intersection of 107th Street and S Roberts Road, one of the area’s primary commercial corridors, and is surrounded by densely populated residential neighborhoods. The property offers convenient access to grocery stores, national retailers and restaurants, and numerous other retail and entertainment amenities. 10700 S Roberts Road is ideally positioned for commuters with quick and convenient access to public transportation (the Palos Heights and Worth METRA Stations and the Pace bus line), Interstate 294, and US Routes 20 and 45.
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.