May 10, 2023 – Anthony Spangler of Horvath & Tremblay has successfully completed the sale of a four-unit multi-family property in Merrillville, Indiana. Horvath & Tremblay represented the seller to complete the transaction at a sale price of $425,000.
The residential building is located at 135 West 57th Avenue in Merrillville, Indiana. The Property is located in a tree-lined residential neighborhood and is improved by a two-story brick building containing four (4), 2-Bedroom/1-Bathroom units with 6,480 total square feet. The well-maintained building was constructed in 1968 and is situated on a large 0.48-acre corner parcel with two (2), 2-car garages and ample on-site parking spaces. The building also has a laundry facility that generates additional income. The property is located in Merrillville, Indiana which is a South Suburb of Chicago located along the border of Illinois and Indiana. The Property is located at the intersection of W 57th Street and Adams Street. The Property is 500 feet from Broadway (IN Route 53) and close to US Highway 30, the area’s two primary commercial corridors. The area is home to countless businesses and retailers including restaurants (KFC, Dunkin’, and Shark’s Fish & Chicken), Pharmacies (Walgreens and CVS), Supermarkets (Strack & Van Til, Save A Lot, and Ruler Foods) and Big-Box Retailers (Walmart, Target, and Costco). The Property is also a short commute (3-miles) from Indiana University – Northwest Campus with more than 6,000 students. The Property also offers convenient access to Interstate 65, which connects to Interstates 94 and 90. The quick highway access provides easy accessibility to both the Chicago Metro area and Northwest Indiana.
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.