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
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93