July 10, 2020 – Andrew O’Connell and Anthony Spangler of Horvath & Tremblay have successfully completed the sale of eight (8) multi-family units in Whiting, Indiana. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $375,000.
The multi-family investment property, located at 833-837 114th Street in Whiting, Indiana, is comprised of eight (8) multi-family units in two (2) buildings. The two-story brick apartment building was constructed in 1925 and is located on the corner of 114th Street and Davis Avenue in a densely populated residential neighborhood. The property contains eight (8) 1-Bedroom/1-Bathroom units in 6,000 square feet of livable space on a 0.11-acre parcel of land. The property is in a desirable, densely populated residential neighborhood that features a large student population with close proximity to Calumet College of St. Joseph’s and Purdue University Northwest, and access to a strong local workforce with large employment bases. 833-837 114th Street also enjoys close proximity to the commercial and commuter corridors of Calumet Avenue and Indianapolis Boulevard, as well as the Indiana Toll Road (Interstate 90), providing quick access for workers and travelers to downtown Chicago. The property is less than 1-mile from Hammond-Whiting Station, served by the South Shore Commuter Train and Amtrak’s high-speed “Wolverine” route from Chicago to Detroit. The property also benefits from strong demographics with more than 142,000 people living within a 5-mile radius.
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.