Becovic Acquires 74-Unit Multifamily In Rogers Park, Chicago For $9.8M
SOLD
$9,800,000
Illinois
See Similar DealsMultiFamily50,235 SF
Sold
SOLD
Becovic Acquires 74-Unit Multifamily In Rogers Park, Chicago For $9.8M
6758 North Sheridan Road, Rogers Park, Chicago, IL, USA
See Similar DealsMultiFamily50,235 SF
Sold
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$195
Total Square Footage:50235 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$522,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,817.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,457.00
Annual Debt Service$557,484.00
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