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702 Rogers Street

Updated Dec 4, 2024

Multifamily Property At 702 Rogers Street In Downers Grove Sold For $1.15M With Mark Butler As The Broker
SOLDMultiFamily

Multifamily Property At 702 Rogers Street In Downers Grove Sold For $1.15M With Mark Butler As The Broker

702 Rogers Street

$1,150,000

$216/SF

Building Size

5,320 SF

Asset Type

MultiFamily

Closing

Jul 30, 2024

About this deal

AI

702 Rogers Street in Downers Grove is a multifamily asset that sold for $1.15 million. The property has a total area of 5,320 square feet and is priced at approximately $216 per square foot. It is a well-maintained all-brick building featuring five updated 2-bedroom, 2-bath units, equipped with separate metering, front courtyards, and both on-site and off-site parking.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,150,000
  • Address: 702 Rogers Street
  • Market: Downers Grove
  • Square Footage: 5,320
  • Price Per Square Foot: $216
  • Broker: Mark Butler - Mark Butler Properties

The transaction was facilitated by Mark Butler, representing Mark Butler Properties, ensuring a smooth process for the sale of the property. The distinct features of the asset, such as its updated units and parking availability, were highlighted during the transaction, catering to the needs of potential tenants.

Players

Mark Butler

Broker

$1.9M

vol

2 deals

Broker

Downers Grove MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $216 per square foot on a published $1.2M for 5,320 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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