Sal Becovic Acquires Mixed-Use Property On 1419 W. Howard St In Chicago For $1.7M
SOLD
$1,700,000
Illinois
See Similar DealsMixed-use
Sold 12/13/2021
SOLD
Sal Becovic Acquires Mixed-Use Property On 1419 W. Howard St In Chicago For $1.7M
1419 West Howard Street, Chicago, IL 60626
See Similar DealsMixed-use
Sold 12/13/2021
Summary
ILLINOIS
Asset Type:Mixed-use
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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