Multifamily N Illinois

Horvath & Tremblay sells Crestline Villa Apartments in Alsip for $12 million

Horvath & Tremblay sells Crestline Villa Apartments in Alsip for 12 million,ph1

Andrew O’Connell and Anthony Spangler of Horvath & Tremblay completed the sale of Crestline Villa Apartments in Alsip, Illinois. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $12,240,000.

Crestline Villa Apartments, a 144-unit multifamily investment property, is located at 4209 W. 115th Street. This is the first time the property has changed ownership since it was constructed in the 1970s.

The property is comprised of twelve garden-style brick buildings with 12 units in each. Amenities include individual patio or balconies for each unit, larger floor areas, significant outdoor common area space, coin-operated laundry rooms in each building, dedicated storage units in each building, separately metered utilities and ample on-site parking with 250 parking spaces.