SOLD
Becovic Residential Acquires Multifamily Building In Chicago For $2M
1546 West Jonquil Terrace
MultiFamily
Sold 32 days ago
Summary
Sale
ILLINOIS
MultiFamily
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.
Players
All
4
Agents
2
Agencies
1
Lenders
1
Details
SOLD
IMAGE: Justin Ross, Sal Becovic & Danny Byrne
DATE: 03/26/2024
ADDRESS: 1546 West Jonquil Terrace
MARKET: Chicago
ASSET TYPE: Multifamily
BUYER: Sal Becovic - Becovic Residential (@BecovicChicago)
BROKERS: Danny Byrne & Justin Ross - CBRE (@CBRE)
LENDER: Devon Bank (@DevonBank1945)
SALE PRICE: $2,000,000
UNITS: 27 ~ PPU: $74,074
NOTE: Becovic Residential, a Chicago-based multifamily owner, acquires a 27-unit apartment building in Rogers Park for $2 million. The deal, brokered by CBRE's Justin Ross and Danny Byrne and financed by Devon Bank, involves plans for extensive improvements managed by Becovic Management Group.View on map
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Address1546 West Jonquil Terrace
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