April 18, 2025 – Anthony Spangler and Thomas Shanley of Horvath & Tremblay have successfully completed the sale of an eight unit multi-family property in Diamond, Illinois. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $815,000.
The property is located at 465-479 N School Street in Diamond, Illinois. The Property contains eight (8) residential units comprised of four (4), 2-Bedroom/1-Bathroom unit, and four (4) 1-Bedroom/1-Bathroom units with 6,000 square feet of living area in 7,000 square feet of total gross area on a 0.5-acre parcel. The Property has an on-site laundry facility and sixteen (16) on-site parking spaces.465-479 N School Street is in a quiet residential neighborhood at the end of a cul-de-sac. The Property is 0.3-miles from E Division Street, the area’s primary commercial and commuter corridor and 0.6-miles from new commercial developments that include Jewel-Osco, Starbucks, KFC/Taco Bell, and Jimmy John’s at the intersection of E Division Street and S Will Road. The Property also offers convenient access to the area’s other businesses, retailers, and restaurants, and those retailers in neighboring Coal City. The Property is just 1.25-miles from Interstate 55 (which provides direct access to Chicago) and is convenient to IL Routes 113, 129 and 53. Diamond is a small village in Grundy and Will Counties, Illinois, nestled along Interstate 55, approximately 20 miles southwest of Joliet and 60 miles southwest of Chicago.
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.