March 18, 2025 – Anthony Spangler and Thomas Shanley of Horvath & Tremblay have successfully completed the sale of a twenty-two (22) unit multi-family property in Joliet, Illinois. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2,100,000.
The property is located at 200 Madison Street in Joliet, Illinois. The three-story brick building contains twenty-two (22) units comprised of eleven (11), 2-Bedroom/1-Bathroom units and eleven (11), 1-Bedroom/1-Bathroom units with 17,600 square feet of living area in 20,625 square feet of total area on a 0.47-acre parcel. The Property features twenty-two (22) on-site parking spaces. The Property is situated along Madison Street in the center of a dense commercial district. The Property is positioned in between the Ascension Saint Joseph Hospital and the Joliet West High School and is seconds from W Jefferson Street (US Route 52), the area’s primary commercial corridor. The location offers convenient access to area employers, medical centers, municipal offices, grocers, restaurants, retail amenities, and outdoor activities. 200 Madison 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, as well as area highways including US Routes 6, 30, and 52, and Interstates 80 and 55. 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.