RE Journals: Becovic Residential Adds Multifamily Building to Chicago Portfolio

Deal Stories
Joe Smazal
Patrick Kennelly
Paul Waterloo

CHICAGO, IL – Becovic Residential, a Chicago-based multifamily owner and operator, has added a 55-unit multifamily building to its Northside portfolio. The Windale, located at 6019 N. Winthrop Ave. in Chicago, sold for $6.8 million. Becovic was represented by Joe Smazal, Patrick Kennelly, Paul Waterloo and Jon Morgan from Interra Realty, and the sale was financed by JP Morgan Chase Bank with Scott Kalkofen. Becovic Management Group will be managing the property.  

Built in 1927 as The Windale Hotel, its 52 studios and three one-bedroom units have been renovated with meticulous attention to detail, creating exquisitely finished apartments. Units feature in-unit laundry, quartz kitchen countertops, subway tile backsplashes, rain showers, custom cabinetry and exposed brick accent walls. Building amenities include a beautiful lobby, a collection of curated photography, a pet run, intercom, bike room and a fully-equipped fitness room.

Read the complete article at RE Journals

See additional articles on this transaction:

ConnectCRE: Becovic Residential Expands Edgewater Portfolio