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Sal Becovic Of Becovic Residential Acquires 96-Unit Multifamily Building In Chicago For $17.4M
SOLD
$17,400,000
Illinois
See Similar DealsMultiFamily
Sold 01/09/2025
SOLD
Sal Becovic Of Becovic Residential Acquires 96-Unit Multifamily Building In Chicago For $17.4M
5411 North Winthrop Avenue
See Similar DealsMultiFamily
Sold 01/09/2025
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$928,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$61,818.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,484.88
Annual Debt Service$989,818.52
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