Shodeen Group, an Illinois-based development company, sold the 228-unit Wessel Court Apts. in St. Charles, IL to Chicago-based multifamily owner and operator Axiom Properties, Inc. for $20.8 million, or approximately $91,000 per unit.
Wessel Court was built in 1972 at 1820 Wessel Court in the Fox River Valley multifamily submarket. It totals 191,900 square feet and features 200 two-bedroom/one-bathroom units and 28 one-bedroom/one-bathroom units…
Wessel Court Apts. Sells for .8 Million