Becovic Residential LLC Acquires Multifamily Asset In Rogers Park, Chicago For $9.2M
SOLD
$9,200,000
Illinois
See Similar DealsMultiFamily
Sold 09/29/2022
SOLD
Becovic Residential LLC Acquires Multifamily Asset In Rogers Park, Chicago For $9.2M
1531 West Howard Street, Chicago, Illinois 60626, United States
See Similar DealsMultiFamily
Sold 09/29/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 1531 W Howard Street in Rogers Park, Chicago has been sold for a total of $9,200,000. The transaction took place on September 29, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,200,000
- Address: 1531 W Howard Street
- Market: Rogers Park, Chicago
The buyer of the property was Becovic Residential LLC. The sale was facilitated by brokers Joe Smazal and Colin O'Malley from Interra Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$490,666.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,685.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,612.69
Annual Debt Service$523,352.32
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