August 7, 2025 – Anthony Spangler and Thomas Shanley of Horvath & Tremblay have successfully completed the sale of a four (4) unit multi-family property in Lockport, Illinois. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $643,000.
The property is located at 1318 Argo Lane in Lockport, Illinois. The two-story multi-family building contains four (4), 2-Bedroom/1-Bathroom residential units with 3,200 square feet of living area in 4,000 gross square feet on a 0.18-acre parcel. Rents in the property are below market and the opportunity exists to increase rents to market rates in a high demand, supply constrained residential market. The Property is well located in a quiet residential neighborhood that is seconds E 159th Street, the area’s primary commercial corridor, and offers convenient access to Jewel-Osco, Aldi, Walmart Supercenter, Panera, Chipotle Popeyes, and numerous other retailers and restaurants. 1318 Argo Lane is ideally positioned for commuters with quick and convenient access to Interstate 355 and public transportation including the Lockport Metra Station and municipal bus line. The Property is also convenient to area schools including Lockport High School and Lewis University.
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.