facebook

traded

+ Submit
Home

/

Deals

/

Illinois

/

Multifamily

/

Sale

/

7417 North Clark Street, Ch...

Becovic Residential Acquires Multifamily In Chicago For $2.2M
SOLDMultiFamily

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

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.

Players

Nathan Gautsche

CRER (Chicago Real Estate Resources)

Broker

$44.6M

vol

15 deals

Broker
BR
Becovic ResidentialBuyer

Chicago MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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