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The transaction involves the sale of the Element apartments, a multifamily asset comprised of 509 units located at 1550 West Dempster Street, Mount Prospect. The sale price was $75,300,000, resulting in a price per unit of $147,937. The previous owner, Monument Capital Management, acquired the property for $68,000,000 in 2017. The deal was financed through a $60,800,000 loan from Fannie Mae, highlighting the ongoing demand for suburban rental spaces in the Chicago area.