Dandelion Development Acquires 24-Unit Multifamily In Cary For $4.5M

The newly constructed 24-unit Haber Pointe Senior Luxury Apartments located at 401 Haber Road in Cary, Illinois, have been sold. The upscale multifamily property, spanning 24,177 square feet, was purchased by Dandelion Development LLC from Foxboro Group, LLC for a total price of $4.5 million. The transaction took place on December 28, 2023, with a price per unit of $187,500 and a price per square foot of $186. Situated in the suburban market of Cary, northwest of Chicago, the Haber Pointe Senior Luxury Apartments offer luxurious amenities and a desirable location.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,500,000
• Units: 24
• Price per Unit: $187,500
• Square Footage: 24,177
• Price per Square Foot: $186
• Address: 401 Haber Road, Cary, Illinois
• Market: Cary

Coldwell Banker Commercial's Paul Proano and Premier Commercial Realty's Heather Schweitzer facilitated the sale of the Haber Pointe Senior Luxury Apartments. Working on behalf of the buyer, Dandelion Development LLC, Paul Proano and Heather Schweitzer successfully completed the transaction, ensuring a smooth process for all parties involved.