Becovic Residential Expands Edgewater Portfolio
CHICAGO, IL (July 13, 2023) – Becovic Residential, a Chicago-based multifamily owner and operator, has added a 55-unit multifamily building to its Northside portfolio. The Windale, located at 6019 N. Winthrop Avenue in Chicago, sold for $6.8 million. Becovic was represented by Joe Smazal from Interra Realty and the sale was financed by JP Morgan Chase Bank with Scott Kalkofen. Becovic Management Group will be managing the property.
“We’re excited to add such a beautifully historic property to our community offerings, particularly in the gorgeous Edgewater Beach neighborhood,” says Becovic’s President, Sal Becovic.
Built in 1927 as The Windale Hotel, one of Chicago’s residential hotels. This housing type became the standard for city living during the industrial boom that supported rapid growth of urban populations. The Windale and its 52 studios and three one-bedroom units have been renovated with meticulous attention to detail, creating exquisitely finished apartments. Units feature in-unit laundry, quartz kitchen countertops, subway tile backsplashes, rain showers, custom cabinetry and exposed brick accent walls. Building amenities include a beautiful lobby, a collection of curated photography, a pet run, intercom, bike room, and a fully equipped fitness room.
The Windale is only a few minutes from Lake Shore Drive and the Thorndale CTA Red Line train station is two blocks away, along with a number of CTA bus routes. Close to Loyola University, parks and beaches, and all the fantastic shops and restaurants along Broadway Avenue, The Windale offers residents urban amenities and easy access to the neighborhood’s natural beauty.
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.