Becovic Residential Acquires 27 Units North of Howard

Becovic Residential, a Chicago-based multifamily owner and operator, has successfully acquired a 27-unit apartment building at 1546 W. Jonquil Terrace in the Rogers Park neighborhood.  Becovic purchased the four-story walkup for $2,000,000. The deal was brokered by CBRE’s Justin Ross  and Danny Byrne. Financed by Devon Bank, the property will be managed by Becovic Management Group.

Built in 1930, The Jonquil Place offers a mix of nine studios, 17 one-bedrooms, and one two-bedroom unit. Additionally, 10 on-site storage lockers and a residential laundry room are in operation. Becovic plans extensive improvements and investments to both the interior and exterior of the property. 

“We are excited to have the opportunity to preserve and enhance another vintage property in the North of Howard area,” said Becovic President, Sal Becovic. 

Nestled in the North of Howard area of Rogers Park, The Jonquil Place is located nearby historic Howard Street and its restaurants and shops as well as bustling Sheridan Road with its great access to Evanston, Chicago and its northern suburbs. In addition, it’s a short walk to  Lake Michigan and its beautiful parks and beaches as well as excellent public transportation options. 

 

Celebrating more than 50 years of Chicago real estate, the Becovic family has invested in multifamily properties throughout the north side of Chicago since 1973. Today, the Becovic Chicago portfolio has over 2,700 apartment units spanning numerous Chicago neighborhoods. As long-term owners with a hyper-local pulse on each community’s values, needs and dreams, Becovic is dedicated to fostering diversity, integrity, beauty, and vitality in the neighborhoods where they own and manage. This is achieved through continuously investing in their buildings and improving residents’ homes and lives. Learn more about Becovic at www.Becovic.com.