Becovic Residential Acquires 108-Year Old Rogers Park Community
Becovic Residential, a Chicago-based multifamily owner and operator, has successfully acquired a 19-unit apartment building located at 7700 N Eastlake Terrace in the Rogers Park neighborhood. The three-story walkup was purchased for $3,450,000 and financed by Associated Bank. Becovic Management Group will oversee the property’s management.
Built in 1916, Becovic’s newest addition to its Villages of Eastlake offerings features a mix of (6) three-bedroom, two-bath units; (6) two-bedroom, 1.5-bath units; and (7) one-bedroom, one-bath apartments, along with two garage parking spaces. Each spacious floor plan includes front sunrooms, fireplaces, separate dining rooms, pantries, and large bedrooms. Additionally, every apartment has access to private balconies overlooking an interior courtyard. The property was owned by the original family for four generations.
“As long-term stewards of our properties, our family is excited to take over such a historic property located in Eastlake Terrace, an area that we believe is the most special and unique in Chicago,” said Sal Becovic, President of Becovic.
The classic Chicago brick corner walkup is situated in the idyllic Eastlake Terrace area of Rogers Park, directly across the street from Lake Michigan, Rogers Park Beach, and the Rogers Beach tennis and pickleball courts. The building’s unique position provides unobstructed views of the lake, beach, and park from each apartment.
Celebrating more than 50 years of Chicago real estate, the Becovic family has invested in multifamily properties throughout the north side of Chicago since 1973. Today, the Becovic Chicago portfolio has over 2,700 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.