Becovic Acquires Elevation Lofts on Howard Street
September 29, 2022 (Chicago) – Becovic Management Group is excited to announce the addition of a 40-unit mixed use property in the Rogers Park neighborhood to their North Side Chicago offerings.
Brokered by Interra Realty’s Senior Managing Partner Joe Smazal and Director Colin O’Malley, this 24,864 square foot property sold for $9.2 million. The Elevation Lofts at 1531 W. Howard Street was completed in 2020 and began leasing that same year. Made up of 38 contemporary apartments with 1, 2 and 3 bedroom units, the Elevation Lofts also features top floor two story lofts with expansive views.
Community amenities include an entry foyer with seating, fitness center, covered bicycle parking, elevator, clubhouse and a rooftop deck with lake and city views featuring a fire pit and grill. The generous community dog run fits perfectly with Becovic’s pet-friendly policies.
Becovic is working with the Rogers Park Business Alliance to lease the 2 available commercial spaces on the ground floor.
“The Elevation Lofts is one of few ground up multifamily developments that has been built on Howard Street in the past 50 years,” says Sal Becovic, President of Becovic. “The property has been a great success and hopefully is just the beginning of more development and investment along Howard Street.”
Howard Street’s bustling cafes, shops, restaurants, and theaters surround the community which is also adjacent to Willye White Park. The Elevation Lofts is a 5-minute walk to the Howard Red Line station and a 7-minute walk to Lake Michigan and the Chicago Park & Trail System.
Becovic is excited to add this unique property to their portfolio and expand the diverse mix of apartment homes and communities in Rogers Park.
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