December 27, 2024 – Anthony Spangler and Thomas Shanley of Horvath & Tremblay have successfully completed the sale of a twelve-unit multi-family property in Bourbonnais, Illinois. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,040,000.
The property is located at 842 and 884 Gettysburg Drive in Bourbonnais, Illinois. The Property is improved by two three-story buildings and contains a total of twelve (12) residential units comprised of ten (10), 2-Bedroom/1-Bathroom units and two (2), 1-Bedroom/1-Bathroom units on a combined 0.5-acres of land. The attractive buildings feature separately metered utilities with the tenants responsible for electricity, electric heat and electric hot water. The buildings also offer balconies or patios and ample on-site surface parking. The Properties are in a quiet residential neighborhood in the heart of downtown Bourbonnais. The Properties offer abundant green space for tenants and are close to national and local retailers, restaurants, employment, and entertainment amenities. Both Properties are within walking distance of several bus stops operated by the River Valley Metro. The Properties are close to N Convent Street (US Highway 52) and Main Street (IL-102), the major commercial corridors and provide easy access to IL-113, IL-17, IL-50, and Interstate 57, which provides a direct route to Chicago. Additionally, the Properties enjoy convenient access to the Kankakee Amtrak station, with daily service between Chicago and Carbondale, IL, as well as from Chicago to Memphis and New Orleans. Both the Properties enjoy convenient access to major commercial developments along Main Street NW (IL-102) and Kinzie Avenue (IL-50) including the Bourbonnais Towne Center, Water Tower Plaza, and the Northfield Square Mall. The Properties also offer convenient access to Olivet Nazarene University, the Northfield Square Mall, Riverside Medical Center and Ascension Saint Mary – Kankakee, the area’s hospitals, several area schools, and Kankakee Community College.
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.