Updated Dec 4, 2024
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
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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93