Becovic Residential Adds “The Beacon at Wilson” to its Chicago Communities
Chicago, IL —September 29, 2025 — Becovic Residential, a Chicago-based multifamily owner-operator, is pleased to announce the $18.5 million acquisition of The Beacon at Wilson, a newly renamed 12-story mixed-use property located at 1325 W. Wilson Avenue in the heart of Chicago’s Sheridan Park neighborhood.
Property Overview
The Beacon at Wilson features 121 apartments and four ground-floor retail spaces totaling over 4,400 square feet. The unit mix includes studios, one-bedroom, and two-bedroom apartments, all fully renovated in 2015 with high-end finishes such as in unit laundry, black stainless appliances, granite countertops, subway tile baths, in-unit laundry, and individual HVAC systems .
Residents also enjoy modern amenities including a fitness center, rooftop deck, elevator, bike storage, and a welcoming lobby café .
The retail portion of the property is anchored by well-loved neighborhood tenants including Elevate Coffee, The Public Barber, and Hearthstone & Terrace, each secured under long-term leases .
Strategic Location
Located steps from the Wilson CTA Red and Purple Line station, Montrose Brown Line, and the Ravenswood Metra stop, the property offers unmatched transit access. It is also within minutes of Andersonville’s retail corridor, Montrose Beach, Uptown’s entertainment venues, and Wrigley Field .
Leadership Commentary
“We’re proud to welcome The Beacon at Wilson into the Becovic portfolio,” said Sal Becovic, President of Becovic Residential. “This building is a natural fit with our mission of investing in dynamic, transit-connected neighborhoods where we can provide residents with modern living in culturally rich communities.”
Transaction Details
The $18.5 million acquisition was financed by Scott Kalkofen of JP Morgan Chase and brokered by Essex Realty Group. The property will be professionally managed by Becovic Management Group Inc., which oversees leasing, maintenance, and resident services across the Becovic portfolio.
Future Plans
Under Becovic’s ownership, The Beacon at Wilson will see continued reinvestment through capital improvements and amenity upgrades aimed at further enhancing the resident and retail experience while supporting the long-term vitality of the Sheridan Park and Uptown neighborhoods.
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 northside of Chicago since 1973. Today, the Becovic Chicago portfolio has over 3,000 apartments 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.