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1412 West Morse Avenue, Chi...

Becovic Residential Acquires Mixed-Use Property In East Rogers Park For $4.2M
SOLDMixed-use

Becovic Residential Acquires Mixed-Use Property In East Rogers Park For $4.2M

1412 West Morse Avenue, Chicago, Illinois 60626, United States

$4,225,000

Building Size

Asset Type

Mixed-use

Closing

Jan 24, 2023

AI

The mixed-use property located at 1412 W. Morse in East Rogers Park has been sold for a total amount of $4,225,000. The transaction took place on 01/24/2023 and involved a total of 17 units. With a price per unit (PPU) of $248,529, the property is a valuable asset within the market.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $4,225,000
  • Address: 1412 W. Morse
  • Market: East Rogers Park
  • Buyer: Becovic Residential - Sal Becovic
  • Broker: Joe Smazal - Interra Realty

The deal was brokered by Joe Smazal from Interra Realty. Sal Becovic from Becovic Residential acted as the buyer in the transaction. No additional details or notes were provided regarding the deal.

Players

Joe Smazal

Interra Realty

Broker

$596.9M

vol

73 deals

Broker
Sal Becovic

Sal Becovic

Becovic

Buyer

$94.5M

vol

10 deals

Buyer

Chicago Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.75%

Cash-on-Cash

-1.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93