Sal Becovic's Becovic Acquires Mixed-Use Property In Rogers Park For $7.5M
SOLD
$7,500,000
Illinois
See Similar DealsMixed-use15,000 SF
Sold 12/27/2021
SOLD
Sal Becovic's Becovic Acquires Mixed-Use Property In Rogers Park For $7.5M
1615 West Howard Street, Chicago, Illinois 60626, United States
See Similar DealsMixed-use15,000 SF
Sold 12/27/2021
Summary
ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$500
Total Square Footage:15,000 SF
Transaction Type:Sale
A mixed-use property located at 1615-43 W. Howard Street in Rogers Park has been sold for a total of $7,500,000. The property spans 15,000 square feet and was sold at a price of $500 per square foot.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $7,500,000
- Address: 1615-43 W. Howard Street
- Market: Rogers Park
The buyer in this transaction was Sal Becovic, representing Becovic. The seller was Cornerstone Investment Group. The deal was facilitated by Becovic Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$400,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,553.83
Annual Debt Service$426,645.92
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