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Sal Becovic Of Becovic Residential Acquires 96-Unit Multifamily Building In Chicago For $17.4M

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SOLD
$17,400,000

Illinois

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MultiFamily
Sold 01/09/2025
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SOLD

Sal Becovic Of Becovic Residential Acquires 96-Unit Multifamily Building In Chicago For $17.4M

5411 North Winthrop Avenue

See Similar Deals
MultiFamily
Sold 01/09/2025
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

Jacob Price
2 deals$70.9M volume(773) 293-5045
BROKER

Kiser Group
BROKERAGE

Details

SOLD
IMAGE: Craig Koenigsberg & Sal Becovic DATE: 01/09/2025 ADDRESS: 5411 North Winthrop Avenue MARKET: Chicago, IL ASSET TYPE: Multifamily BUYER: Sal Becovic - Becovic Residential (@BecovicChicago) SELLER: Craig Koenigsberg - CLK Properties BROKERS: Jacob Price & Katie LeGrand - Kiser Group SALE PRICE: $17,400,000 UNITS: 96 ~ PPU: $181,250 NOTE: Becovic Residential acquired a 96-unit apartment building at 5411 North Winthrop Avenue in Edgewater for $17.4 million, marking its fourth purchase from CLK Properties' portfolio.

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Debt Service Coverage Ratio (DSCR)

0.94x

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