Interra Realty Represents Both Parties In $24.5M Multifamily Sale In South Elgin

The multifamily property located at 355 N. La Fox Street in South Elgin has been sold for $24,500,000. The property consists of 100 units with an average price per unit of $245,000. It spans a total area of 111,848 square feet, resulting in a price per square foot of $219.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $24,500,000
• Units: 100
• Price per Unit: $245,000
• Square Footage: 111,848
• Price per Square Foot: $219
• Address: 355 N. La Fox Street, South Elgin

The sale of this multifamily property was facilitated by Interra Realty, with Jon Morgan and David Goss representing the seller, Synergy Construction Group, LLC. On the buyer's side, Patrick Kennelly and Paul Waterloo acted as the representatives for the transaction. These key individuals and companies played crucial roles in the successful closing of the deal.