JLL recently completed the sale and financing of Elan West End, a 164-unit multi-housing community in St. Louis Park, Minnesota for $53.4 million and $25.5 million respectively. The property was built in 2020 and offers studio to three-bedroom units averaging 885 square feet each.
The JLL Capital Markets team facilitated the transaction on behalf of the seller while also securing financing through a correspondent life insurance company for the new owner.
Located at 1325 Utica Avenue South, Elan West End is situated in The West End micro market which boasts numerous shopping, dining, industry and entertainment options. Its central location near I-394 and Highway 100 provides easy access to downtown Minneapolis.
For more information about this property or to register for Connect Industrial Midwest taking place on March 5th at Joe’s Live in Rosemont Illinois click here .
