May 20, 2022 – Ryan Link, Andrew O’Connell and Anthony Spangler of Horvath & Tremblay have successfully completed the sale of six (6) multi-family units in Carol Stream, Illinois. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $650,000.
The multi-family investment property is located at 551 West Lies Road in Carol Stream, Illinois. The three-story building contains six (6) total units, consisting of five (5) 2-Bedroom/1-Bathroom units and one (1) 1-Bedroom/1-Bathroom unit. The Property is comprised of 6,595 square feet of Gross Living Area, sitting on a 0.07-acre lot, which includes 12 off-street parking spaces. The Property also features a newer hot water heater and sliding doors throughout. The Property is well-located in a quiet residential neighborhood and is directly across the street from Glenbard North High School. West Lies Road is a short distance from a busy retail area along West Army Trail Road, which offers a number of retail, dining, entertainment and lifestyle amenities, as well as the Stratford Square Mall. Carol Stream is also home to a large concentration of business operations, which bring a large employee population to the area.
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.