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Morgan Properties Acquires Multifamily Portfolio In Schaumburg, Elgin & Palatine For $181M

Property Image
SOLD
$181,000,000

Illinois

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MultiFamily
Sold 08/01/2022
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Property Image
SOLD

Morgan Properties Acquires Multifamily Portfolio In Schaumburg, Elgin & Palatine For $181M

125 West Dundee Road, Palatine, Illinois 60074, United States

See Similar Deals
MultiFamily
Sold 08/01/2022
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 801 Belinder Ln, 926 Congdon Ave, and 125 W Dundee Rd in Schaumburg, Elgin, and Palatine was recently sold in a transaction. The property consists of 1,003 units and was sold by Harbor Group to Morgan Properties, represented by Mitchell Morgan.

Summary of Transaction Details

  • Property Type: Multifamily
  • Sale Price: $181,000,000
  • Units: 1,003
  • Price Per Unit: $180,459
  • Market: Schaumburg, Elgin, Palatine

During the sale, Morgan Properties, with Mitchell Morgan as their representative, acquired the property. The seller, Harbor Group, facilitated the transaction. The sale price for the property was $181,000,000, and the property consists of 1,003 units, resulting in a price per unit of $180,459.

Players

MM
5 deals$1.1B volume
BUYER

SELLER

Details

SOLD
IMAGE: Mitchell Morgan DATE: 08/01/2022 ADDRESS: 801 Belinder Ln, 926 Congdon Ave & 125 W Dundee Rd MARKET: Schaumburg, Elgin & Palatine ASSET TYPE: Multifamily BUYER: Morgan Properties (@Morgan.Properties) - Mitchell Morgan SELLER: Harbor Group SALE PRICE: $181,000,000 UNITS: 1,003 ~ PPU: $180,459

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