Daily Herald: Palatine Multifamily Buildings Sell for $5.85 Million

Andrew Stassi
Patrick Kennelly
Paul Waterloo
Apartments
Closings
Deal Stories
Patrick Kennelly
Paul Waterloo
Story
Suburbs

PALATINE, IL: A five-building, 30-unit multifamily complex in Palatine was sold for $5.85 million, the firm that brokered the deal announced Wednesday.

Interra Realty, a Chicago-based commercial real estate investment services firm, arranged the deal for $195,000 per unit between a confidential seller and a private buyer.

The properties at 1304, 1305, 1306, 1308 and 1318 East Turtle Creek Circle are part of the Turtle Creek Apartments Master Association.

The portfolio includes five one-bedroom and 25 two-bedroom units, which recently were upgraded.

Read the complete article at the Daily Herald.

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Yield Pro: Interra Realty Brokers $5.85M Sale of Multifamily Portfolio in Palatine Illinois