August 1, 2022 – Andrew O’Connell and Anthony Spangler of Horvath & Tremblay have successfully completed the sale of eleven (11) multi-family units in Hammond, Indiana. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $1,070,000.
The multi-family investment property, located at 1608 169th Street in Hammond, Indiana, is comprised of eleven (11), 1-Bedroom/1-Bathroom units with 7,700 square feet of living area in 8,800 square feet of total gross area. The well-maintained, brick apartment building was constructed in 1969 on a 0.11-acre parcel of land. The Property is located about 0.5-miles west of Indianapolis Boulevard and 1-mile east of Calumet Avenue (Route 41), two of the primary north/south business thoroughfares in Hammond. The Property is approximately 1.3-miles from Interstate 94 and 4-miles from Interstate 90. Additionally, the property enjoys convenient access to the South Shore Line with service to Chicago and South Bend as well as Amtrak’s Wolverine at the Hammond Whiting Station. The Property is within walking distance of a multitude of national retailers, restaurants, and business establishments along Indianapolis Boulevard. The Property is close to several area parks and nature preserves with picnic areas and year-round outdoor activities, and is seconds from the Erie Lackawanna Trail, a 17-mile walking and biking trail. Additionally, the property is less than 1 mile from Purdue University’s Northwest-Hammond Campus, with more than 9,800 students.
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.