Scott Steele Acquires Multifamily Property In Elgin, IL For $1.175M

The multifamily property located at 224 Jefferson St in Elgin, IL has been sold. The transaction took place on December 31, 2021. The property consists of 15 units with a total square footage of 10,500. The sale price for the property was $1,175,000, resulting in a price per unit of $78,333 and a price per square foot of $112. The property was listed with an asking price of $1,237,500.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,175,000
• Units: 15
• Price Per Unit: $78,333
• Square Footage: 10,500
• Price Per Square Foot: $112

The buyer of the property is Scott Steele, while Matthew Robinson is the seller. The buyer was represented by Michael Scanlon and Jake Fugman from The Axon Group, and the seller was represented by Adam Fortino from Marcus & Millichap.