SOLDMultiFamily
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
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.
Players
Downers Grove MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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