Updated Feb 25, 2026
Elizabeth Hozian Of Associated Bank Provides $4.7M Loan To Sal Becovic For 42-Unit Multifamily
5710 North Winthrop Avenue
$4,700,000
Units
42
Asset Type
MultiFamily
Closing
Feb 25, 2026
About this deal
AI
The Winthrop Place is a 42-unit multifamily apartment building located at 5710 North Winthrop Avenue in Chicago’s Edgewater neighborhood. The property features a total of 17 one-bedroom units and 25 studio apartments. The original construction date of the building is 1929, and it is part of the Chicago real estate market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,700,000
- Lender: Elizabeth Hozian - Associated Bank
- Landlord: Sal Becovic - Becovic Residential
Elizabeth Hozian, a Senior VP at Associated Bank’s Commercial Real Estate division, managed the loan closing for the property involved in the transaction. The deal involved an acquisition loan specifically for Becovic Residential.
On the Map
$4,700,000
MultiFamily
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Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93