Updated Oct 29, 2024
HP Ventures Group-Development Services Acquires Multifamily Property In Downers Grove, IL For $7.1M
717 Rogers Street, Downers Grove, Illinois, USA
$7,100,000
$265/SF
Building Size
26,730 SF
Asset Type
MultiFamily
Closing
Mar 15, 2021
About this deal
AI
An apartment complex located at 717 Rogers Street & 5001 Prospect Avenue in Downers Grove, Illinois has been sold in a recent transaction. This multifamily property was acquired by HP Ventures Group-Development Services LLC from the seller, Forth Group Real Estate. The sale was facilitated by Ron Plonis from Kisergroup, serving as the broker in the deal. The transaction took place on March 16, 2021.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $7,100,000
- Units: 20
- Price per Unit: $355,000
The apartment complex consists of 20 units and was sold for a total price of $7,100,000, resulting in a price per unit of $355,000. The property is located at 717 Rogers Street & 5001 Prospect Avenue in Downers Grove, Illinois.
Ron Plonis from Kisergroup acted as the broker representing the buyer, HP Ventures Group-Development Services LLC, in this transaction. The involvement of a broker ensures that both the buyer and seller are represented and their interests are protected throughout the deal.
On the Map
$7,100,000
$265/SF
MultiFamily
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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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93