Confidential Seller Sells 30-Unit Multifamily Portfolio In Palatine IL For $5.85M
1304 Turtle Creek Circle, 1306 Turtle Creek Circle, 1308 Turtle Creek Circle & 1318 Turtle Creek Circle
$5,850,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 28, 2026
AI
The transaction involved a multifamily portfolio comprising five buildings, located at 1304, 1305, 1306, 1308, and 1318 Turtle Creek Circle in Palatine, Illinois. The property consists of a total of 30 fully leased units, recently renovated, with a pricing strategy set at $195,000 per unit, culminating in a total sale price of $5,850,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,850,000
- Units: 30
- Price Per Unit: $195,000
- Market: Palatine, IL
The brokers facilitating the transaction were Paul Waterloo and Patrick Kennelly from Interra Realty. The buyer of the property was a local private investor, while the seller's identity was kept confidential. This sale reflects a continued demand for multifamily properties in the suburban Chicago market.
Players
Circle MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.71%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93