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
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.
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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93