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
About this deal
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.
On the Map
$1,700,000
Mixed-use
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Players
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