October 4, 2023 – Anthony Spangler of Horvath & Tremblay has successfully completed the sale of four (4) multi-family units in Griffith, Indiana. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $408,000.
The multi-family investment property, located at 1150 N Indiana Street in Griffith, Indiana, is comprised of four (4) multi-family units. The property consists of a 2-story brick apartment building constructed in 1968. The property has three (3) 2-Bedroom/1-Bathroom units and one (1) 1-Bedroom/1-Bathroom unit in 3,328 square feet of living area (4,000 square feet of total gross area) on a 0.50-acre parcel. The property offers 5 on-site parking spaces and additional parking on the street. The property is located in Griffith, Indiana which is a Southeast Suburb of Chicago located directly south of two major highways I-94 (2-miles) and I-90 (5-miles) and is just 3-miles east of Indianapolis Boulevard (US Route 41). The property is less than 7-miles from the South Shore Line for quick, direct access to Chicago, South Bend, and the surrounding areas. Tenants enjoy a quiet, tree-lined residential neighborhood with ample greens space, and are less than 1-mile to local area amenities with numerous restaurants, bars, and shopping along both Ridge Road and 45th Street.
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.