Updated Dec 20, 2023
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
About this deal
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.
The multifamily sale at 6026 North Winthrop Avenue, Edgewater, Chicago, IL 60660, USA in Chicago, Illinois sold for $7.3M in 2021. Reported inventory is 400 square feet across 59 units, or about 18.1K per square foot. Named participants on the 6026 North Winthrop Avenue, Edgewater, Chicago, IL 60660, USA sale are Sal Becovic. This page is the Chicago, Illinois file for the 6026 North Winthrop Avenue, Edgewater, Chicago, IL 60660, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Chicago sit in the Market section below. Filter that Chicago multifamily set by closing date to see what else sold near 6026 North Winthrop Avenue, Edgewater, Chicago, IL 60660, USA around 2021. Published consideration for 6026 North Winthrop Avenue, Edgewater, Chicago, IL 60660, USA is $7.3M, dated 2021. Cite this Becovic Acquires Multifamily Property In Edgewater, Chicago For $7.25M sale when underwriting similar multifamily product around Chicago, Illinois.
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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