April 7, 2022 – Andrew O’Connell and Anthony Spangler of Horvath & Tremblay have successfully completed the sale of twelve (12) multi-family units in Matteson, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $950,000.
The multi-family investment property is located at 4300 Lindenwood Drive in Matteson, Illinois. The Property is a three-story, brick building containing a total of twelve units. The unit matrix consists of ten (10), 2-Bedroom/1-Bathroom units and two (2) 1-Bedroom/1-Bathroom units in 10,000 square feet of living area and 13,000 square feet of gross area on a 0.55-acre parcel. The Property offers twenty-four (24) on-site parking spaces and private balconies for eight (8) of the units. Each unit features its own forced hot air furnace and wall-mounted air conditioner and coin-operated laundry in the basement with landlord owned washer and dryers. Each unit is separately metered for electricity and gas (heat and hot water), which the tenants pay directly. The landlord is solely responsible for the water and sewer bill. The Property is located in a densely populated, well kept, residential neighborhood adjacent to the U.S. 30 (Lincoln Highway) retail corridor. The Property is ½-mile from Oakwood Park, 1-mile from Tolentine Park, and 2-miles from the Volmer Road Woods (Cook County Forest Preserve), offering abundant green space, nature trails, and outdoor activities. 4300 Lindenwood Drive offers residents convenient highway access into Downtown Chicago via nearby I-57 and via Matteson’s 3 Metra Train Stations, the closest of which, at 211th Street and U.S. 30, is located 1.5 miles from the Property. Additionally, numerous amenities are within walking distance or a short drive including LA Fitness, Oakwood Park, Marketplace of Matteson Shopping Center, CVS, Walgreens, Liberty Plaza, Matteson Town Center, Home Depot, Marshalls and several national fast casual and quick-serve food chains.
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.