Sal Becovic Of Becovic Residential LLC Acquires Multifamily Property At 6807 North Sheridan Road For $25.6M

The Vivian is a multifamily asset located at 6807 North Sheridan Road in Chicago, IL, featuring a total of 160 units and a square footage of 9,915, with ground-floor retail space. The property has been sold for $25,600,000, resulting in a price per square foot of $2,582, and a price per unit of $160,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $25,600,000
• Address: 6807 North Sheridan Road, Chicago, IL
• Square Footage: 9,915
• Price per Square Foot: $2,582
• Units: 160
• Price per Unit: $160,000
• Buyer: Sal Becovic - Becovic Residential LLC
• Broker: Pete Evans - Berkadia

Associated Bank's Elizabeth Hozian arranged acquisition financing for the deal. The property has undergone over $10 million in renovations, enhancing its appeal in the market.