ConnectCRE: Becovic Acquires Two Edgewater Multifamily Properties in Deal Brokered by Interra Realty

Joe Smazal
Mark Dykstra
Deal Stories
Joe Smazal

CHICAGO, IL – Becovic Residential, a Chicago-based multifamily owner and operator, has added two apartment communities to its Edgewater offerings. The Winthrop House, located at 5718 N. Winthrop, was purchased for $10.25 million. The Kenmore Commons property, located at 6134 N. Kenmore, was purchased for $7.25 million.

The deals were brokered by Interra Realty’s Joe Smazal and financed by Scott Kalkofen from JP Morgan Chase. The properties will be managed by Becovic Management Group. “We are thrilled to take over two beautiful turnkey properties that are located in the heart of our offerings,” said Becovic President Sal Becovic. 

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Chicago Business Journal: Becovic Residential targets Chicago’s North Side to expand apartment portfolio