Becovic Residential Expands Eastlake Terrace Offerings
Chicago, IL (May 18, 2023) – Becovic Residential, a multifamily owner and operator based in Chicago, is happy to announce the recent addition of a vintage 8-unit multifamily building to its Northside portfolio. The property, known as The Villages of Eastlake #7724, located at 7724-26 N. Eastlake Terrace in Chicago, was acquired for $1.65 million. Becovic Realty and Senior Managing Broker Shkelzen “Kelly” Muja, represented the buyer in the transaction. Becovic Management Group will assume property management responsibilities.
Nestled in the picturesque neighborhood of Eastlake Terrace, the #7724 building offers an unparalleled charm and serenity that epitomizes Rogers Park. “It’s hard to find a more idyllic and enchanting area in Chicago than Eastlake Terrace. We are grateful for the opportunity to oversee another exquisite property in this truly special location,” says Sal Becovic, President of Becovic Residential.
Built in 1920, The Villages of Eastlake #7724 showcases stunning lake views, spacious 1500 square feet floor plans, and the convenience of five rear parking spaces. The property enjoys a prime position facing Rogers Avenue Beach, allowing residents to bask in the beauty of the lakefront.
In addition to the acquisition of the 7724 N Eastlake property, Becovic Residential proudly manages 12 other properties on the three blocks that comprise North Eastlake Terrace. Residents of this community have access to an array of Chicago amenities and attractions, including Juneway Beach located just across the street. Commuting is a breeze with convenient access to public transportation, including the 147 bus, as well as the Red, Purple, and Yellow lines at the nearby Howard Street station.
Residents of Eastlake Terrace are in close proximity to Evanston and Northwestern University in addition to an abundance of dining, entertainment, and shopping options within a short distance. Locally owned favorites Sol Cafe, Caribbean American Baking, Harold’s Chicken Shack, Redz Belizean Restaurant, The Factory Theater, The Recyclery Collective, and numerous other establishments contribute to the vibrant and diverse local scene.
Celebrating 50 years of Chicago real estate, the Becovic family has invested in multifamily properties throughout the northside of Chicago since 1973. Today, the Becovic Chicago portfolio has over 2,300 apartment units spanning numerous Chicago neighborhoods. 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.