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Sal Becovic Acquires Mixed-Use Property At 1325 West Wilson Avenue Chicago For $18.5M

Property Image
SOLD
$18,500,000
Rick Ofman
Matt Feo
+ 1

Illinois

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Mixed-use47,581 SF
Sold 08/27/2025
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Property Image
SOLD

Sal Becovic Acquires Mixed-Use Property At 1325 West Wilson Avenue Chicago For $18.5M

1325 West Wilson Avenue

See Similar Deals
Mixed-use47,581 SF
Sold 08/27/2025
Rick Ofman
Matt Feo
+ 1
Contact now

Summary

ILLINOIS
Asset Type:Mixed-use
Price Per Square Foot:$388
Total Square Footage:47,581 SF
Transaction Type:Sale

The property involved in this transaction is a mixed-use asset located at 1325 West Wilson Avenue in Chicago. The sale price was $18,500,000, encompassing a total square footage of 47,581. This property features 121 residential units and 4 commercial spaces, with a price per square foot of $388.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $18,500,000
  • Address: 1325 West Wilson Avenue
  • Market: Chicago
  • Residential Units: 121
  • Commercial Spaces: 4
  • Total Square Footage: 47,581
  • Price per Square Foot: $388
  • Buyer: Sal Becovic
  • Seller: CLK
  • Buyer's Representative: Rick Ofman - Essex Realty Group
  • Seller's Representative: Jordan Gottlieb - Essex Realty Group
  • Buyer & Seller's Representative: Matt Feo - Essex Realty Group

The transaction involved multiple key representatives from Essex Realty Group, highlighting Rick Ofman as the buyer's representative, Jordan Gottlieb as the seller's representative, and Matt Feo representing both parties in the deal. This collaborative effort from the brokerage team contributed to the successful completion of the transaction.

Players

Jordan Gottlieb
67 deals$364.3M volume
BROKER

Matt Feo
Essex Realty Group
49 deals$245.4M volume
BROKER

Rick Ofman
Essex Realty Group
27 deals$243.8M volume
BROKER

Essex Realty Group
BROKERAGE

Sal Becovic
10 deals$94.5M volume
BUYER

Details

SOLD
IMAGE: Jordan Gottlieb, Matt Feo & Rick Ofman DATE: 08/27/2025 ADDRESS: 1325 West Wilson Avenue MARKET: Chicago ASSET TYPE: Mixed-use BUYER: Sal Becovic SELLER: CLK BUYER'S REP: Rick Ofman - Essex Realty Group (@EssexRealtyGroup) SELLER'S REP: Jordan Gottlieb - Essex Realty Group BUYER & SELLER'S REP: Matt Feo (@Matt_Feo_multifamily) - Essex Realty Group SALE PRICE: $18,500,000 RESIDENTIAL UNITS: 121 COMMERCIAL SPACES: 4 SF: 47,581 ~ PPSF: $388

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$986,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$65,726.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$87,699.44
Annual Debt Service$1,052,393.26