Interra Realty Brokers $58.5M Sale Of 30-Unit Multifamily Portfolio In Palatine, IL

The asset involved in the transaction is a multifamily portfolio consisting of five buildings located at 1304, 1305, 1306, 1308 & 1318 Turtle Creek Circle in Palatine, Illinois. The sale was executed for a price of $58,500,000, which translates to approximately $1,950,000 per unit for the 30 fully occupied units. This transaction highlights the appeal of suburban Chicago multifamily assets amidst strong occupancy and rent growth in the market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $58,500,000
• Units: 30
• Price Per Unit: $1,950,000
• Date of Sale: 07/22/2026
• Address: 1304, 1305, 1306, 1308 & 1318 Turtle Creek Circle
• Market: Palatine, IL

Paul Waterloo and Patrick Kennelly of Interra Realty represented the transaction, successfully facilitating the off-market sale to a private local buyer. Their efforts reflect the continued investor demand for multifamily housing options in suburban areas.