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Wednesday, May 23, 2012 Multi-Family
A 181-unit multi-family complex in the Chicago suburb of Elgin, Ill., the Square Village Apartments, has been placed on the market with an asking price of $17.2 million, or $95,027 per unit. Scott Harris of Marcus & Millichap's Oak Brook office has been hired to market and sell the property for the seller, Illinois Elgin, LP. Squire Village is a 181-unit apartment complex located at 1146 Yew Court in Elgin, about 40 miles northwest of Chicago, with easy access to highways and public transportation. The community sits on a 15-acre lot and features 22 one-bedroom, 69 two-bedroom, 77 three-bedroom and 13 four-bedroom units. It contains 271,810 square feet and is being offered with an 8.21 percent capitalization rate. About 80 percent of the tenants at Squire Village use Section 8 vouchers. Last month, Harris represented Aspen Square Management in the $21.87 million sale of the Campus Pointe Apartments and the Campus Manor Apartments. Address: 1146 Yew Court, Elgin, Ill. Size: 181 units Filed Under: Multi-Family E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us Comments on this article
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