January 22, 2025 – Anthony Spangler of Horvath & Tremblay has successfully completed the sale of a six unit multi-family property in Blue Island, Illinois. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $450,000.
The property is located at 2122 135th Place in Blue Island, Illinois. The property is improved by a three-story brick multi-family building consisting of six (6) residential units comprised of five (5), 2-Bedroom/1-Bathroom units and one (1), 1-Bedroom/1-Bathroom unit in 5,000 square feet of living area on 0.16 acres of land with ample on-site parking. In-place leases are significantly below market rates; the opportunity exists to drive rental rates in supply-constrained residential market. The property is in a densely populated residential neighborhood comprised mainly of similar, well-kept multi-family buildings and single-family homes. The Property is positioned along 135th Place and is 0.3-miles from Western Avenue, the area’s primary commercial corridor, offering numerous restaurants, shopping, and entertainment venues. The property is in suburban Blue Island, 15 miles south of the Chicago Loop and 10 miles south of Midway Airport, with convenient access to I-294 (Tri-State Tollway) and I-57. The Property is also walkable to local bus service and is 0.7-miles from the Blue Island Metra Station, which provides service on both the RI Line and ME Line.
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.