SOLDMultiFamily
Becovic Acquires Multifamily Property In Edgewater, Chicago For $7.25M
6026 North Winthrop Avenue, Edgewater, Chicago, IL 60660, USA
$7,250,000
$18,125/SF
Building Size
400 SF
Asset Type
MultiFamily
Closing
Oct 21, 2021
AI
The multifamily property located at 6026 N. Winthrop Avenue in the Edgewater neighborhood of Chicago has been sold. The transaction took place on October 21, 2021, and the property was purchased by Becovic.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,250,000
- Units: 59
- Price per Unit: $122,881
- Market: Edgewater, Chicago
Sal Becovic of Becovic represented the buyer in this sale.
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.19%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93