Updated Dec 4, 2024
Sal Becovic Acquires Multifamily Property In Chicago For $31.5M
6166 North Sheridan Road
$31,500,000
$217/SF
Building Size
144,900 SF
Asset Type
MultiFamily
Closing
Oct 19, 2023
About this deal
AI
The multifamily property located at 6166 North Sheridan Road in Chicago has been sold in a recent transaction. The property spans 144,900 square feet and was sold for a price of $31,500,000, resulting in a price per square foot of $217.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $31,500,000
- Square Footage: 144,900
- Address: 6166 North Sheridan Road, Chicago
- Market: Chicago
The buyer of the property is Sal Becovic, while the seller is the Granville Tower Condominium Association, represented by Patrick O'Dwyer. The brokers involved in the deal were Andrew (Andy) Friedman and Jake Parker from the Kiser Group.
On the Map
$31,500,000
$217/SF
MultiFamily
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Players
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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93