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1419 West Howard Street, Ch...

Sal Becovic Acquires Mixed-Use Property On 1419 W. Howard St In Chicago For $1.7M
SOLDMixed-use

Sal Becovic Acquires Mixed-Use Property On 1419 W. Howard St In Chicago For $1.7M

1419 West Howard Street, Chicago, IL 60626

$1,700,000

Building Size

Asset Type

Mixed-use

Closing

Dec 13, 2021

AI

A mixed-use property located at 1419 W. Howard St in Chicago has been sold for a transaction amount of $1,700,000. The property features a combination of residential and commercial spaces, offering versatility and potential for various uses.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,700,000

Becovic, represented by Sal Becovic, acted as the buyer in this transaction. Becovic Realty served as the buyer's representative, facilitating the deal on their behalf. On the other side of the transaction, Friedman Real Estate acted as the seller's representative. The involvement of these key individuals and companies highlights the collaborative effort behind the successful sale of this mixed-use property.

Players

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

9.33%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93