Becovic Adds 59-unit Edgewater Apartment Community To Its Northside Portfolio
6026 N. Winthrop Ave sells for $7.25 million
CHICAGO, IL (October 21, 2021) – Becovic, a Chicago-based multifamily owner and operator, has added The Fleetwood, located at 6026 N. Winthrop Avenue in Chicago, Illinois, to its Edgewater portfolio. The property sold for $7.25 million, and the deal was brokered by Becovic.
“With almost 50 years of experience as a housing provider in the Chicago market, we have something to offer everyone, and we look forward to continuing to build community with our new residents and neighbors,” said Sal Becovic, President at Becovic.
Originally built in 1929, The Fleetwood is an eight-story, 59-unit apartment building located in Chicago’s Edgewater Beach neighborhood. The seller, a well-known owner/operator of many apartments in the area, owned the property for almost 40 years. The property’s 59 units are made up of 21 studios, 37 one-bedrooms and one two-bedroom unit. It’s situated in a prime location close to shopping, parks, beaches and excellent transportation.
“The previous owner has done great things with the property and for the neighborhood, and we are proud to take it over,” 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.