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405 Austin Street

Updated Mar 3, 2026

Multifamily Property At 405 Austin Street In Downers Grove Sold For $2.15M
SOLDMultiFamily

Multifamily Property At 405 Austin Street In Downers Grove Sold For $2.15M

405 Austin Street

$2,150,000

$2,150,000/SF

Building Size

1 SF

Asset Type

MultiFamily

Closing

Feb 10, 2026

About this deal

AI

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.

On the Map

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$2,150,000

$2,150,000/SF

MultiFamily

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Players

Brian Karmowski

Essex Realty Group

Broker

$303.4M

vol

47 deals

Broker
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Downers Grove MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $2.2M per square foot on a published $2.2M for 1 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.38%

Cash-on-Cash

-2.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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