03.18.21
Kiser Group brokers sale of Downers Grove multifamily development
HP Ventures Group-Development Services LLC (“HP”) has acquired East Village Apartments in Downers Grove, Illinois for $7.1 million. Kiser Group’s Ron Plonis represented both the seller, Forth Group Real Estate, and buyer in the transaction.
Located at 717 Rogers St. and 5001 Prospect Ave, the 20-unit, 3-story building was newly constructed in 2018. Floor plans include 18 two-bedroom/two-bathroom units and two one-bedroom/one-bathroom units. Downers Grove’s close proximity to Chicago and positioning along the Metra’s BNSF line make it a desirable location within DuPage County.
