Becovic Residential Acquires Mixed-Use Property In East Rogers Park For $4.2M
SOLD
$4,225,000
Illinois
See Similar DealsMixed-use
Sold 01/24/2023
SOLD
Becovic Residential Acquires Mixed-Use Property In East Rogers Park For $4.2M
1412 West Morse Avenue, Chicago, Illinois 60626, United States
See Similar DealsMixed-use
Sold 01/24/2023
Summary
ILLINOIS
Asset Type:Mixed-use
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$225,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,010.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,028.66
Annual Debt Service$240,343.87
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