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

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.