Becovic Residential Expands Howard Street Offerings to Sheridan Road
Becovic Residential, a Chicago-based multifamily owner and operator, has successfully acquired a 33-unit multifamily community at the corner of North Sheridan Road and West Howard Street. Becovic purchased the three-story walkup at 7600 N. Sheridan Road for $4,150,000. The deal was brokered by Kiser Group’s Danny Logarakis, Jacob Price and Katie LeGrand. Financed by Associated Bank, the property will be managed by Becovic Management Group.
Built in 1909, The Howard Sheridan offers a mix of nine studios, 20 one-bedrooms, and four two-bedroom units. It features an on-site laundry room and most units have undergone recent updates. Becovic plans to make additional investments throughout the property.
“We’re thrilled to add this beautiful property to our offerings at this vital corner. It’s a great addition in an area we deeply care about,” said President, Sal Becovic.
The Howard Sheridan enjoys a prime location on historic Howard Street with its restaurants and shops and 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 northside of Chicago since 1973. Today, the Becovic Chicago portfolio has over 2,600 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.