facebook
Traded Co logo
Submit
Daily limit: 0/10

Becovic Residential Acquires Multifamily Building In Chicago For $2M

Property Image
SOLD
$2,000,000
Justin Ross
Danny Byrne

Illinois

See Similar Deals
MultiFamily
Sold 03/26/2024
the dealplayerscompscontact
Property Image
SOLD

Becovic Residential Acquires Multifamily Building In Chicago For $2M

1546 West Jonquil Terrace

See Similar Deals
MultiFamily
Sold 03/26/2024
Justin Ross
Danny Byrne
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

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

Justin Ross
CBRE
Justin Ross
4 deals$44.2M volume
BROKER
Danny Byrne
CBRE
Danny Byrne
2 deals$12.4M volume(312) 334-7266
BROKER
Devon Bank
Devon Bank
LENDER

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.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$106,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24