Becovic Residential Acquires Multifamily Building In Chicago For $2M

The multifamily property at 1546 West Jonquil Terrace in Chicago was sold for $2 million in a transaction involving 27 units with a price per unit of $74,074. The property was acquired by Sal Becovic of Becovic Residential, with the deal facilitated by CBRE's Justin Ross and Danny Byrne. Financing for the acquisition was provided by Devon Bank.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,000,000
• Address: 1546 West Jonquil Terrace, Chicago
• Market: Chicago
• Buyer: Sal Becovic - Becovic Residential
• Brokers: Danny Byrne & Justin Ross - CBRE
• Lender: Devon Bank
• Units: 27
• Price Per Unit: $74,074

Becovic Residential, a Chicago-based multifamily owner, managed the acquisition of the 27-unit apartment building in Rogers Park and has plans for extensive improvements through Becovic Management Group.