Multifamily

405 Austin St

405 Austin St, Downers Grove, IL 60515

Listing Price: $1,550,000

Cap Rate
6.90%
Number of Units
14
GRM
8.73
Occupancy
95.00%
Price/Unit
$110,714
Price/Gross SF
$176.14
Gross SF
8,800

Investment Overview

Marcus & Millichap is pleased present a 14-unit apartment building located in Downers Grove, Illinois. Downers Grove is located in DuPage County and is approximately 22 miles west of the Chicago Loop and 19 miles from O'Hare International Airport. The subject property is located approximately one block from the Fairview Metra Station (BNSF). Located approximately one mile from downtown Downers Grove, the area offers amenities such as parks, schools, shopping centers, and nightlife. The subject property is approximately two miles from Advocate Good Samaritan Hospital.

The subject property is a California-style building and consists of one studio unit, nine one-bedroom / one-bathroom units, and four two-bedroom / one-bathroom units. The units have been recently renovated featuring newer kitchens and appliances, bathrooms, and flooring. On-site laundry and storage units are available to tenants.

Here, an investor an opportunity to acquire a well-maintained building that has seen recent capital improvements with upside in rents.

Investment Highlights

  • Strong Downers Grove Location
  • Rare Opportunity
  • Well-Maintained
  • Upside in Rent
  • On-Site Parking Lot
  • Near Metra Train Station

Exclusively Listed By

  • Eric P. Bell

    Senior Managing Director Investments

    (630) 570-2157

    Email Eric

    License(s): IL: 475.144220

    Chicago Oak Brook

Listing Price: $1,550,000

Cap Rate
6.90%
Number of Units
14
GRM
8.73
Occupancy
95.00%
Price/Unit
$110,714
Price/Gross SF
$176.14
Gross SF
8,800

Investment Highlights

  • Strong Downers Grove Location
  • Rare Opportunity
  • Well-Maintained
  • Upside in Rent
  • On-Site Parking Lot
  • Near Metra Train Station

Investment Overview

Marcus & Millichap is pleased present a 14-unit apartment building located in Downers Grove, Illinois. Downers Grove is located in DuPage County and is approximately 22 miles west of the Chicago Loop and 19 miles from O'Hare International Airport. The subject property is located approximately one block from the Fairview Metra Station (BNSF). Located approximately one mile from downtown Downers Grove, the area offers amenities such as parks, schools, shopping centers, and nightlife. The subject property is approximately two miles from Advocate Good Samaritan Hospital.

The subject property is a California-style building and consists of one studio unit, nine one-bedroom / one-bathroom units, and four two-bedroom / one-bathroom units. The units have been recently renovated featuring newer kitchens and appliances, bathrooms, and flooring. On-site laundry and storage units are available to tenants.

Here, an investor an opportunity to acquire a well-maintained building that has seen recent capital improvements with upside in rents.

Exclusively Listed By

  • Eric P. Bell

    Senior Managing Director Investments

    (630) 570-2157

    Email Eric

    License(s): IL: 475.144220

    Chicago Oak Brook

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