Becovic, a Chicago-based multifamily owner and operator, has added The Fleetwood, located at 6026 N. Winthrop Avenue in Chicago, Illinois, to its Edgewater portfolio. The property sold for $7.25 million, and the deal was brokered by Becovic.
“With almost 50 years of experience as a housing provider in the Chicago market, we have something to offer everyone, and we look forward to continuing to build community with our new residents and neighbors,” said Sal Becovic, President at Becovic.
Originally built in 1929, The Fleetwood is an eight-story, 59-unit apartment building located in Chicago’s Edgewater Beach neighborhood. The seller, a well-known owner/operator of many apartments in the area, owned the property for almost 40 years. The property’s 59 units are made up of 21 studios, 37 one-bedrooms and one two-bedroom unit. It’s situated in a prime location close to shopping, parks, beaches and excellent transportation.
“The previous owner has done great things with the property and for the neighborhood, and we are proud to take it over,” said Becovic.