Updated Jan 10, 2025
Sal Becovic Of Becovic Residential Acquires 96-Unit Multifamily Building In Chicago For $17.4M
5411 North Winthrop Avenue
$17,400,000
Units
96
Asset Type
MultiFamily
Closing
Jan 9, 2025
About this deal
AI
A 96-unit apartment building located at 5411 North Winthrop Avenue in Chicago, IL, was involved in a transaction. It was sold for $17.4 million, resulting in a price per unit of $181,250.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $17,400,000
- Units: 96
- Price Per Unit: $181,250
- Buyer: Sal Becovic - Becovic Residential
- Seller: Craig Koenigsberg - CLK Properties
- Brokerage: Jacob Price & Katie LeGrand - Kiser Group
- Date of Transaction: 01/09/2025
- Market: Chicago, IL
This transaction marks Becovic Residential's fourth purchase from CLK Properties' portfolio, reflecting the ongoing relationship between the buyer and seller in the multifamily real estate market.
On the Map
$17,400,000
MultiFamily
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Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $181.3K per unit across 96 units on a published $17.4M (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93