Local Buyers Acquire 30-Unit Multifamily Portfolio In Mount Prospect For $4.29M With Interra Realty

A five-building, 30-unit multifamily portfolio located at 353, 355, 357, 359 & 365 West Hawthorne Circle in Mount Prospect, Illinois was sold for $4,290,000, translating to a price per unit of $143,000. This transaction reflects strong investor demand for well-maintained workforce housing in the area.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,290,000
• Units: 30
• Price Per Unit: $143,000
• Buyer's Representatives: Hubert Cioromski - Troy Realty; Nader Shahat - Green Equities LLC
• Seller's Representatives: Nathan Zito, Patrick Kennelly & Paul Waterloo - Interra Realty

The sale was executed by Interra Realty, marking a record per-building price for six-unit properties in the Mount Prospect area. Local buyers finalized the deal in two separate transactions, showcasing the portfolio's appeal in a competitive market.