04.30.20
MultifamilyBiz: Multifamily Brokerage Firm Kiser Group Brings East Village Apartments in Chicago’s Downers Grove Suburb to Market
CHICAGO, IL – East Village Apartments, located at 717 Rogers Street, has been listed for sale by Chicago-based multifamily brokerage firm Kiser Group. The 20-unit complex comprises two, 10-unit buildings and was built in 2018 by Forth Group. Floor plans include 18 two-bedroom, two-bathroom units and 2 one-bedroom, one-bathroom units with below market average rent of $2,196 per month. East Village Apartments is listed for $8,500,000 and represented by Kiser Group Broker Ron Plonis.
“Downers Grove is 22 miles west of Chicago and a desirable town located along Metra’s BNSF line,” said Plonis. “Located in DuPage County, residents enjoy ample employment opportunities in both the local and Chicago employment markets.”
Kiser Group anticipates investor interest from local, out-of-state and international buyers.
“This is an unusual and rare opportunity to acquire a newly constructed TOD asset, with predictable and stable DuPage County property taxes,” said Plonis.
About Kiser Group: Kiser Group is Chicagoland’s leading multifamily brokerage firm. As the leader in our space, Kiser Group provides multifamily expertise to help our clients’ maximize value in their Chicagoland real estate investments. We equip our brokers with best-in-class staff and resources that are focused on their needs.
