Becovic, a Chicago-based multifamily owner and operator, has added The Howard Theater Building to its Rogers Park portfolio. The mixed-use property at 1615-43 W. Howard Street sold for $7,500,000 and was brokered by Becovic Realty.
The historic Howard Theater Building’s 40 rental units are a mix of studio, one- and two-bedroom floor plans. The property also includes 60 surface parking spaces and 15,000 square feet of fully leased ground-floor retail.
The property was originally built in 1918 and has a rich history as being a destination for movies and live productions. The building was repurposed in 1999 by Cornerstone Investment Group with elements of the original theater being included in the redevelopment such as the facade and outer lobby.
“We are fortunate to add this iconic Rogers Park property,” said President Sal Becovic. “The Howard Theater is vital to the vibrance of the neighborhood and the success of the Howard Street Business District in attracting businesses along Howard Street. We look forward to continuing to provide quality apartment homes to our residents and do our part to attract restaurants, culture and retail that all Rogers Park residents will love and support.”
The Howard Theater Building commercial spaces include well known businesses like Sol Cafe, Factory Theater and P & J Footwear. Howard Street, located on the border of Chicago’s Rogers Park neighborhood and suburban Evanston, is alive with an engaging personality represented by its vital diversity, welcoming nature and entrepreneurial spirit.
