Sal Becovic's Becovic Acquires Mixed-Use Property In Rogers Park For $7.5M
1615 West Howard Street, Chicago, Illinois 60626, United States
$7,500,000
$500/SF
Building Size
15,000 SF
Asset Type
Mixed-use
Closing
Dec 27, 2021
About this deal
AI
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.
The mixed use sale at 1615 West Howard Street, Chicago, Illinois 60626, United States in Chicago, Illinois sold for $7.5M in 2021. The building is 15,000 square feet, implying about 500 per square foot on the published price. Named participants on the 1615 West Howard Street, Chicago, Illinois 60626, United States sale are Sal Becovic. This page is the Chicago, Illinois file for the 1615 West Howard Street, Chicago, Illinois 60626, United States mixed use sold: pricing, party profiles, and other closed mixed use comps from the same Chicago sit in the Market section below. Filter that Chicago mixed use set by closing date to see what else sold near 1615 West Howard Street, Chicago, Illinois 60626, United States around 2021. Published consideration for 1615 West Howard Street, Chicago, Illinois 60626, United States is $7.5M, dated 2021. Cite this Sal Becovic's Becovic Acquires Mixed-Use Property In Rogers Park For $7.5M sale when underwriting similar mixed use product around Chicago, Illinois.
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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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93