May 15, 2025 – Anthony Spangler of Horvath & Tremblay has successfully completed the sale of a five (5) unit multi-family Property in Calumet City, Illinois. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $285,000.
The multi-family property is located at 1620 Harbor Avenue in Calumet City, Illinois. The Property is improved by a 3-story multi-family building that contains five (5) residential units comprised of four (4), 1-Bedroom/1-Bathroom units and one (1), 2-Bedroom/1-Bathroom units with 4,000 square feet of living area in 5,000 square feet of gross area. The well-maintained brick apartment building was constructed in 1976 on a 0.14-acre parcel of land. The Property features an on-site laundry facility and five (5) on-site parking spaces. The property is in Calumet City, Illinois which is a South Suburb of Chicago located along the border of Illinois and Indiana. The Property is close to a multitude of retailers, restaurants, and businesses in the area positioned along Sibley Boulevard (IL Route 83) and Torrence Avenue, the area’s primary commercial corridors. The property has excellent access to Interstate 94, the Kingery Expressway (Intersate-294), Interstates 80 and 57, and US Routes 41 and 6, as well as convenient access to several Metra Stations. The quick highway and train access provides easy accessibility to both the Chicago Metropolitan Area and Northwest Indiana.
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.