Sal Becovic Of Becovic Residential Acquires Historic Mixed-Use Property In Chicago For $20M
5154 North Clark Street
$20,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Sep 28, 2026
About this deal
AI
The historic mixed-use property located at 5154 North Clark Street in Chicago's Andersonville neighborhood has been sold for $20 million. The property, built in 1923, spans a full city block and includes 81 apartments along with 10 ground-floor commercial spaces.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $20,000,000
- Buyer: Sal Becovic
- Buyer's Company: Becovic Residential
- Broker: Essex Realty Group
- Financing: Associated Bank
Sal Becovic, representing Becovic Residential, has acquired the property, which will now be rebranded as The Quarters at Andersonville. The transaction was facilitated by Essex Realty Group, highlighting their role in the deal.
On the Map
$20,000,000
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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93