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
Units
17
Asset Type
Mixed-use
Closing
Jan 24, 2023
About this deal
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
Chicago Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Deal FAQ
About $248.5K per unit across 17 units on a published $4.2M (2023).
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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