The Becovic Blog

Becovic Acquires Prime Edgewater Property near Andersonville

Posted January 8, 2025

5411 N. WinthropBecovic Residential, a Chicago-based multifamily owner and operator, has added another Edgewater property to its portfolio. The Winthrop 5411, located at 5411 N. Winthrop Avenue, was purchased for $17,400,000. The deal was brokered by Kiser Realty Group and financed by JP Morgan Chase Bank. The property will be managed by Becovic Management Group.

Built in 1973, The Winthrop 5411 features 96 apartment homes, consisting of 63 one-bedroom units and 33 two-bedroom, two-bath units. All apartments include modern kitchens with granite countertops, in-unit laundry, and resident-controlled heating and air conditioning. The property also offers two elevators, a fitness center, a community patio, and 56 parking spaces located underneath the building.

“We are excited to add a beautiful property located in such a great location, between Andersonville and the lake,” said Sal Becovic, President of Becovic Residential.

The Winthrop 5411 is ideally situated near parks, beaches, the Lakefront Trail, and public transportation. Additionally, shopping, dining, and entertainment options are just a short walk away.

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