Multifamily N Illinois

KIG CRE markets Elmhurst Terrace Apartments, will fetch upwards of $50M

  

Elmhurst Terrace Apartments, owned by Horizon Realty Group, has been listed for sale by Chicago-based KIG CRE. The 315-unit, institutional-grade asset was listed unpriced, will sell for upwards of $50 million, according to KIG CRE.

Currently, the property is 89 percent leased and has a mix of studio, convertible, one-bedroom and two-bedroom units. The building offers residents a fitness center, laundry facilities, barbecue and picnic area, covered parking, package receiving and on-site management. Units feature generous floor plans, hardwood floors and spacious closets.