facebook
Traded Co logo
Submit
Daily limit: 0/10

Becovic Residential Acquires The Windale Multifamily Building In Chicago For $6.8M

Property Image
SOLD
$6,800,000

Illinois

See Similar Deals
MultiFamily
Sold 07/18/2023
the dealplayerscompscontact
Property Image
SOLD

Becovic Residential Acquires The Windale Multifamily Building In Chicago For $6.8M

6019 N Winthrop Ave Chicago, IL 60660, USA

See Similar Deals
MultiFamily
Sold 07/18/2023
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

Becovic Residential has purchased The Windale, a 55-unit multifamily building located at 6019 North Winthrop Avenue in Chicago's Edgewater Beach neighborhood, for a total of $6.8 million. The property underwent extensive renovations and offers amenities such as a lobby, curated photography, and a pet run. It is conveniently situated near Lake Shore Drive, the Thorndale CTA Red Line train station, and various local attractions.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,800,000
  • Market: Chicago
  • Units: 55
  • Price per Unit: $123,636

The deal was facilitated by real estate broker Joe Smazal from Interra Realty, who represented the buyer, Becovic Residential. The seller's representative information was not provided in the context. JP Morgan Chase Bank, with Scott Kalkofen as the lender, was involved in providing the necessary financing for the transaction.

Players

Joe Smazal
73 deals$596.9M volume
BROKER

Sal Becovic
10 deals$94.5M volume(773) 271-6143
BROKER

Sal Becovic
10 deals$94.5M volume
BUYER

J.P. Morgan Chase
LENDER

Details

SOLD
IMAGE: Joe Smazal & Sal Becovic DATE: 07/18/2023 ADDRESS: 6019 North Winthrop Avenue MARKET: Chicago ASSET TYPE: Multifamily BUYER: Becovic Residential (@BecovicChicago)- Sal Becovic (@SalBecovic) BROKER: Joe Smazal (@JSmazal) - Interra Realty (@InterraRealty) LENDER: JP Morgan Chase Bank - Scott Kalkofen SALE PRICE: $6,800,000 UNITS: 55 ~ PPU: $123,636 NOTE: Becovic Residential has purchased The Windale, a 55-unit multifamily building in Chicago's Edgewater Beach neighborhood, for $6.8 million. The property, which underwent extensive renovations, offers amenities such as a lobby, curated photography, and a pet run, and is conveniently located near Lake Shore Drive, the Thorndale CTA Red Line train station, and various local attractions.

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)

$362,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,158.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,235.47
Annual Debt Service$386,825.63