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6758 North Sheridan Road, R...

Becovic Acquires 74-Unit Multifamily In Rogers Park, Chicago For $9.8M
SOLDMultiFamily

Becovic Acquires 74-Unit Multifamily In Rogers Park, Chicago For $9.8M

6758 North Sheridan Road, Rogers Park, Chicago, IL, USA

$9,800,000

$195/SF

Building Size

50,235 SF

Asset Type

MultiFamily

Closing

Sep 17, 2021

AI

The multifamily property located at 6758 N. Sheridan Road in Rogers Park, Chicago has been sold. The transaction took place on September 17, 2021. The property, consisting of 74 units, was sold for a total price of $9,800,000, which translates to approximately $132,432 per unit.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $9,800,000
  • Units: 74
  • Price per Unit: $132,432

Becovic was the buyer in this transaction, while The Vranas Family Trust served as the seller. Rick Ofman and Danny Logarakis from Kiser Group represented both parties as the brokers involved in the deal.

Players

Danny Logarakis

Kiser Group

Broker

$82.1M

vol

15 deals

Broker

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

1.62%

Cash-on-Cash

-0.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93