March 17, 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 $1,350,000.
The Portfolio is comprised of two multi-family properties and contains a total of eighteen residential units. 2053 135th Place is comprised of 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 4,953 square feet of living area on 0.11 acres of land. 12634 California Avenue is comprised of a three-story brick multi-family building consisting of twelve (12) residential units comprised of five (5), 2-Bedroom/1-Bathroom units and seven (7), 1-Bedroom/1-Bathroom units in 9,000 square feet of living area on 0.25 acres of land. In-place leases are below market rates; the opportunity exists to drive rental rates in supply-constrained residential market. Both properties are in densely populated residential neighborhoods comprised mainly of similar, well-kept multi-family buildings and single-family homes. The Properties are convenient to Western Avenue, the area’s primary commercial and commuter corridor and are 15 miles south of the Chicago Loop with convenient access to I-294 (Tri-State Tollway) and I-57. The Properties are also walkable to local bus service and are close to the Blue Island Metra Station, which provides service on both the RI Line and ME Line, and the Prairie Street 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.