Bayshore Properties Inc. Acquires MultiFamily Property On Algonquin Rd, Mount Prospect

Mount Prospect Greens is a 344-unit, multifamily property located at 2000 W Algonquin Rd in Mount Prospect. Built in 1973, the property features a mix of one-, two- and three-bedroom units. 156 of the apartments have been recently renovated with granite and/or quartz countertops, high-end cabinets, and stainless steel appliances.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: Undisclosed
• Address: 2000 W Algonquin Rd, Mount Prospect
• Market: Mount Prospect

Bayshore Properties Inc. acquired Mount Prospect Greens from Pepper Pike Capital Partners. The property offers convenient access to key transportation arteries including I-90, I-290, and I-294, as well as being close to O’Hare International Airport. Positioned at the lower end of its competitive set, Mount Prospect Greens attracts a diverse renter base seeking more affordable options compared to downtown Chicago.