Interra Senior Managing Partner Joe Smazal represented both the private seller, who had owned the property for more than 30 years, and Chicago-based Becovic Management Group, the buyer. The building was fully occupied at the time of closing.

“Demand is high for mid-market multifamily buildings in North Side neighborhoods,” said Smazal. “7070 N. Sheridan Road is similar to other properties recently acquired by the buyer. We marketed the building to our large pool of investors,including Becovic, a long-term holder of apartment properties with an established presence in Rogers Park, and received multiple written offers in a short timeframe.”

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