ELGIN, IL-A 408-unit multifamily rental complex here as well as 174 units in neighboring Hoffman Estates have changed hands in separate transactions totaling nearly $43 million. Hunter’s Ridge at 1009 Big Timber Rd. commanded a $25-million price while Morningside on the Green Apartments at 1800 Huntington Blvd. in Hoffman Estates traded at $17.6 million, or more than $100,000 per unit.

Marquette Property Investments, Inc. of Romeoville acquired Hunter’s Ridge at $61,274 per unit from St. Louis-based MREF II Property III, LLC, which began a renovation of the property that will be finished by the new owner. A condo converter bought Morningside on the Green from Schaumburg-based Western Management Financial.

Ralph DePasquale and Bill Montana of Hendricks & Partners represented MREF II Property III, LLC. Lee Kiser of Marcus & Millichap Real Estate Investment Brokerage Co.’s Kiser Group and James Walsh represented Western Management Financial in negotiations with Nicholas Manganais, another Marcus & Millichap broker.

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