August 11, 2023 – Anthony Spangler of Horvath & Tremblay has successfully completed the sale of a six-unit multi-family property in Palos Hills, Illinois. Horvath & Tremblay represented the seller to complete the transaction at a sale price of $860,000.
The residential building is located at 11235 Moraine Drive in Palos Hills, Illinois. The three-story brick building contains six (6), 2-Bedroom/1-Bathroom units with 4,800 square feet of living area in 6,000 square feet of gross area on a 0.47-acre parcel. Each unit has been semi-renovated and features newer kitchens. Additionally, each unit features a private balcony (2nd and 3rd floors) or patio (1st floor) and the Property offers twelve (12) on-site parking spaces, a laundry facility, and ample green space surrounding the building. The Property is well-located in a densely populated residential community with twelve (12) parking spaces, just a few blocks from the intersection of S Roberts Road and W 111th Street. The property offers convenient access to grocery stores, restaurants, and numerous other retail amenities. Additionally, the Property is located within 1,000 feet of the, and 1.5-miles from Krasowski Park, Palos Fen Nature Preserve, White Oak Woods, and Swallow Cliff Woods, part of the Palos Trail System, with more than 40-miles of trails for walking/hiking/biking and outdoor recreation areas. 11235 Moraine Drive is ideally positioned for commuters with quick and convenient access to public transportation (the Palos Heights and Worth METRA Stations and the Pace bus line), Interstate 294, and US Routes 20 and 45.
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.