Becovic Sets New Benchmark with Acquisition of The Rogers Commons in Rogers Park
Becovic Residential has acquired a newly constructed 15-unit multifamily property at 7428 N. Rogers Avenue and 7430 N. Hermitage Avenue for $5,250,000, establishing a new benchmark for market-rate housing in Rogers Park.
Completed in 2025, The Rogers Commons consists of two adjacent buildings featuring a total of 15 residences, including:
- 10 two-bedroom / two-bathroom units (~1,100 SF)
- 5 four-bedroom / three-bathroom duplex units (~2,000 SF)
The property also includes 20 parking spaces, private storage and modern in unit systems throughout.
The acquisition was brokered Kevin Rahmanim of The Dietcher Group and financed by Associated Bank. It will be managed in-house by Becovic Management Group.
The acquisition represents more than a transaction—it establishes a new benchmark for market-rate housing in Rogers Park, demonstrating that thoughtfully designed, high-quality apartments can achieve strong demand and performance in the neighborhood.
“Rogers Park deserves the same level of housing quality as any neighborhood in Chicago. This property shows that when you build and operate with care, the market responds. We see this as part of a broader shift—not just in pricing, but in expectations.”
— Sal Becovic, President of Becovic
The Rogers Commons is situated near the Howard CTA station with access to the Red, Purple, and Yellow lines, the property benefits from strong connectivity to downtown Chicago, Evanston, and surrounding neighborhoods. Residents are also within close proximity to Loyola University, Northwestern University, neighborhood parks, and the growing retail corridor along Howard Street.
Each unit features modern layouts with modern kitchens, in-unit laundry, individual HVAC systems, and private balconies designed to meet the expectations of today’s renter. By introducing larger-format units—including rare four-bedroom duplex residences—this acquisition expands the type of housing available in Rogers Park and supports a more diverse renter base, from families to shared households.
More broadly, this acquisition reinforces a new benchmark for what market-rate housing can look like in Rogers Park—grounded in quality, functionality, and long-term ownership. Becovic continues to invest across Chicago’s North Side with a long-term, community-focused approach—bringing consistency, quality, and stewardship to neighborhoods that are evolving and growing.
About Becovic Residential
Becovic Residential is a family-owned owner and operator of multifamily rental properties across Chicago, with a focus on community-oriented neighborhoods. The company emphasizes quality finishes, responsive property management, and a resident-first philosophy rooted in stewardship and long-term investment.
Celebrating over 50 years of Chicago real estate, the Becovic family has invested in multifamily properties throughout the North Side since 1973. Today, the Becovic portfolio includes over 3,000 apartments spanning numerous Chicago neighborhoods. As long-term owners with a hyper-local pulse on each community’s values, needs, and aspirations, 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 at www.becovic.com.