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
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