June 26, 2024 – Anthony Spangler of Horvath & Tremblay has successfully completed the sale of a four-unit multi-family property in Chesterton, Indiana. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $500,000.
The property is located at 1972-1978 Laura Lane in Chesterton, Indiana. The Property is located within Westchester Village and is improved by a two-story multi-family building with four (4) residential units comprised of two (2), 2-Bedroom/1.5-Bathroom units and two (2), 3-Bedroom/2-Bathroom units. The units have been well maintained and feature a stove, refrigerator, microwave, dishwasher, washer and dryer. Each unit also features a private garage. The units are separately metered for electricity, heat, and hot water which the tenants pay directly. The Landlord pays for common electric and domestic water and sewer. The in-place rents are well below market offering the opportunity to significantly increase the revenue of the Property by raising rents to market rates. The Property is located within Westchester Village a desirable and well-maintained residential community in the western portion of the city. The community offers ample green space, a pool, tennis courts, and a small clubhouse for residents. The Property enjoys convenient access to area shopping and restaurants, schools, and parks including the Prairie Duneland Trailhead, and the Indiana Dunes National Park. The Property is also close to the area’s primary roadways including Interstate 94, US Highways 12 and 20, and IN Routes 49 and 149. Additionally, the Property is 3.5-miles from the Dune Park Train Station.
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.