Updated Jun 5, 2025
Becovic Residential Acquires The Windale Multifamily Building In Chicago For $6.8M
6019 N Winthrop Ave Chicago, IL 60660, USA
$6,800,000
Units
55
Asset Type
MultiFamily
Closing
Jul 18, 2023
About this deal
AI
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.
On the Map
$6,800,000
MultiFamily
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Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $123.6K per unit across 55 units on a published $6.8M (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93