April 4, 2023 – Anthony Spangler of Horvath & Tremblay has successfully completed the sale of six (6) multi-family units in Whiting, Indiana. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $580,000.
The multi-family investment property, located at 1913 Warwick Avenue in Whiting, Indiana. The Multi-Family Property is comprised of six (6), 2-Bedroom/1-Bathroom townhouse residential units with 9,360 square feet of total gross area on 0.29-acre parcel of land. The brick building was constructed in 1953 and features on-site parking. Each unit is separately metered for electricity and gas heat, which the tenants pay directly. The Property benefits from its location in the northern portion of Whiting, and is close to national retailers (Walmart Supercenter, Strack & Van Til, Dollar Tree, and Ross), national restaurants (Starbucks, Dunkin’, IHOP, Taco Bell, and Popeye’s), the Hammond Horseshoe Casino, several beaches along the shores of Lake Michigan, and Wolf Lake. 1913 Warwick Avenue is located in close proximity to the commercial and commuter corridors of Calumet Ave and Indianapolis Boulevard as well as the Indiana Toll Road (I-90), providing quick access for workers and travelers to downtown Chicago. The Property is also located 1.2-miles from Hammond-Whiting Station, served by the South Shore Commuter Train and Amtrak’s high speed “Wolverine” route from Chicago to Detroit. Tenants will be able to work or travel to Chicago via Train, Bus & Highway attracting tenants that may have previously lived in Cook County.
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.