Updated Dec 20, 2023
Marcus & Millichap Sells Multifamily Property In Downers Grove For $1.45M
405 Austin Street, Downers Grove, IL, USA
$1,450,000
$170/SF
Building Size
8,512 SF
Asset Type
MultiFamily
Closing
Jan 27, 2021
About this deal
AI
A multifamily property located at 405 Austin Street in Downers Grove has been sold for $1,450,000. This property consists of 14 units, with an average price per unit of $103,571.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Units: 14
- Price Per Unit: $103,571
- Address: 405 Austin Street, Downers Grove
- Market: Downers Grove
The sale was facilitated by Eric P. Bell from Marcus & Millichap.
The multifamily sale at 405 Austin Street, Downers Grove, IL, USA in Downers Grove, Illinois sold for $1.5M in 2021. Reported inventory is 8,512 square feet across 14 units, or about 170 per square foot. Eric Bell, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Downers Grove, Illinois file for the 405 Austin Street, Downers Grove, IL, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Downers Grove sit in the Market section below. Filter that Downers Grove multifamily set by closing date to see what else sold near 405 Austin Street, Downers Grove, IL, USA around 2021. Published consideration for 405 Austin Street, Downers Grove, IL, USA is $1.5M, dated 2021. Cite this Marcus & Millichap Sells Multifamily Property In Downers Grove For $1.45M sale when underwriting similar multifamily product around Downers Grove, Illinois.
Players
Downers Grove MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93