Becovic Adds 21 Units to Rogers Park Portfolio
Becovic Residential LLC recently added a 21-unit multifamily building in Rogers Park to its expansive North Side Chicago portfolio.
Danny Logarakis of Kiser Group represented both buyer and seller. Closing on May 12, 2022, the building sold for nearly asking price to the building’s 20-year owner.
“This part of the city is incredibly attractive to investors who want to own on the North Side but are looking for higher yield and more units than in Lincoln Park and Lakeview,” said Logarkis. “Rogers Park is a perfect area for these types of investors because it offers the same appeal as [other] neighborhoods while offering more units.”
Now known as The Morse Lakewood, 1237 W. Morse Ave. is 100% occupied, has 9 parking spaces and contains 1- and 2-bedroom units. The Morse Lakewood will be managed by Becovic Management Group.
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.
About Kiser Group
Kiser Group is Chicagoland’s leading commercial real estate brokerage firm specializing in the disposition of multifamily, mixed-use and development parcels. Founded in 2005, Kiser Group works with diverse owners and investors to value, market and close commercial properties successfully. The firm’s unmatched combination of experience, market intelligence and track record makes Kiser Group the go-to broker for the Chicago metropolitan area.