Multifamily Property At 405 Austin Street In Downers Grove Sold For $2.15M
SOLD
Illinois
See Similar DealsMultiFamily1 SF
Sold 02/11/2026
SOLD
Multifamily Property At 405 Austin Street In Downers Grove Sold For $2.15M
405 Austin Street
See Similar DealsMultiFamily1 SF
Sold 02/11/2026
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$2,150,000
Total Square Footage:1 SF
Transaction Type:Sale
The asset involved in this transaction is a multifamily property located at 405 Austin Street in Downers Grove. It consists of 14 units and was sold for $2,150,000, resulting in a per unit price of $153,571. The total square footage of the property is 1, with a corresponding price per square foot at $2,150,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,150,000
- Units: 14
- Price Per Unit: $153,571
- Square Footage: 1
- Price Per Square Foot: $2,150,000
The transaction was facilitated by brokers Brian Karmowski, Anthony Citriglia, Jimmy Donahue, and Karla Galva from Essex Realty Group, representing the parties involved in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$114,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,638.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,192.10
Annual Debt Service$122,305.16
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