Marcus & Millichap Sells Multifamily Property In Downers Grove For $1.45M
SOLD
$1,450,000
Illinois
See Similar DealsMultiFamily8,512 SF
Sold 01/28/2021
SOLD
Marcus & Millichap Sells Multifamily Property In Downers Grove For $1.45M
405 Austin Street, Downers Grove, IL, USA
See Similar DealsMultiFamily8,512 SF
Sold 01/28/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$170
Total Square Footage:8,512 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88
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