Becovic Acquires Parking Garage and Commercial Property in Rogers Park
Company Seeking Commercial Partner of Value for Surrounding Community
CHICAGO (December 10, 2021) – Becovic, a Chicago-based multifamily owner and operator, continues to invest in Chicago’s Rogers Park neighborhood. The company recently bought a property that includes an indoor parking garage with a 3,000 square foot commercial space on the ground floor. Located at 1419 W. Howard, Becovic Realty represented the buyer and Friedman Real Estate represented the seller in the $1,700,000 deal.
“Parking is in very high demand for our residents and the community,” said Becovic President Sal Becovic. “We will keep the property as-is and find a commercial tenant that will add value and diversity to Howard Street.”
The indoor parking garage has more than 150 parking spaces spread across a six-deck, five-floor garage. The commercial space – a 3,000 sqft offering – is well-positioned in the community and promises potential businesses significant opportunities. However, Becovic is focused on bringing the right tenant into the space.
“As a family-owned company, we believe in supporting the richness of neighborhood living. We’re committed to being good stewards of the neighborhoods where our residents live and celebrate the power of community,” said Becovic.
Since 1973, the Becovic family has invested in multifamily properties throughout the northside of Chicago. The Becovic portfolio today has over 2,000 apartment units spanning numerous Chicago neighborhoods and in Milwaukee, Wisconsin. 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.