HP Ventures Group-Development Services Acquires Multifamily Property In Downers Grove, IL For $7.1M

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.