Essex Realty Group, Inc. Sells 138-Unit Multifamily Portfolio In Matteson For $10.3M

A portfolio of 10 properties consisting of 138 units has been sold in Matteson, Illinois. The properties are located at 4035-4043, 4046-4050, 4047, 4101-4105, 4104-4112, 4124-4130, 4205-4211, 4221-4229, 4222-4228, 4235 & 4301-4309 Lindenwood Drive. The multifamily asset has a total square footage of 106,775. The sale price for this transaction was $10,300,000, resulting in a price per unit of $74,638 and a price per square foot of $96.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $10,300,000
• Units: 138
• Price Per Unit: $74,638
• Square Footage: 106,775
• Price Per Square Foot: $96
• Market: Matteson

Congratulations to Kate Varde, Brian Karmowski & Derek Kaptanoglu from Essex Realty Group, Inc for representing the parties involved in this transaction. For any further inquiries regarding this deal, please contact Essex Realty Group, Inc.