Updated Oct 28, 2024
Becovic Residential Acquires Multifamily In Chicago For $2.2M
7417 North Clark Street, Chicago, IL 60626
$2,200,000
$140/SF
Building Size
15,700 SF
Asset Type
MultiFamily
Closing
Dec 17, 2021
About this deal
AI
Becovic Residential has acquired a multifamily property located at 7417 N Clark St in Chicago. The transaction was completed on December 17, 2021. The property consists of 19 units with a total of 15,700 square feet of space. The sale price for the property was $2,200,000, resulting in a price per unit of $115,789 and a price per square foot of $140.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Address: 7417 N Clark St, Chicago
- Market: Chicago
The buyer, Becovic Residential, was represented by Nate Gautsche from CRER. The seller, NTJ Holdings, LLC, was represented by Juan Ventura from Exp Realty.
On the Map
$2,200,000
$140/SF
MultiFamily
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Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $140 per square foot on a published $2.2M for 15,700 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93