Becovic Holdings Corporation Purchases Canterbury Court Apartments In Chicago For $25.7M

The sale involved Canterbury Court Apartments, a multifamily property located at 1220 North State Parkway in Chicago. The asset features 176 units and has a total square footage of 98,000. The sale price was recorded at $25,700,000, resulting in a price per unit of $146,022 and a price per square foot of $262.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $25,700,000
• Units: 176
• Square Footage: 98,000
• Price Per Unit: $146,022
• Price Per Square Foot: $262
• Buyer: Isa Becovic - Becovic Holdings Corporation
• Seller: Richard London - London Family Trust
• Brokers: Danny Spitz & Jordan Multack - Greenstone Partners; Nicholas Kanich - Marcus & Millichap

Chicago-based investment firm Becovic Holdings Corporation acquired the property from the London Family Trust. The deal was facilitated by brokers Danny Spitz and Jordan Multack from Greenstone Partners, alongside Nicholas Kanich from Marcus & Millichap. The property also houses the Zebra Lounge, a piano bar recognized for holding the third-oldest liquor license in Chicago.