Chicago & Midwest + Greater Chicagoland + Apartments | April 29, 2020

TOD Apartments Up for Sale in Downers Grove

East Village Apartments, located at 717 Rogers Ave. in Downers Grove, IL, has been listed for sale by Kiser Group. The 20-unit complex comprises two, 10-unit buildings and was built in 2018 by Forth Group. East Village Apartments is listed for $8.5 million and represented by Kiser Group’s 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 healthcare, sciences and other industries, as well as proximity to Chicago’s employment market.”

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,” added Plonis.

Floor plans include 18 two-bedroom, two-bathroom units and two one-bedroom, one-bathroom units, with below market average rent of $2,196 per month.

Get CRE News in 150 words

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Connect With Kiser Group

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

Order Reprints