Becovic Residential acquired a 33-unit multifamily community at the corner of North Sheridan Road and West Howard Street in Chicago.
Becovic purchased the three-story walkup at 7600 N. Sheridan Road for $4.15 million. The deal was brokered by Kiser Group’s Danny Logarakis, Jacob Price and Katie LeGrand. Financed by Associated Bank, the property will be managed by Becovic Management Group.
Built in 1909, The Howard Sheridan offers a mix of nine studios, 20 one-bedrooms, and four two-bedroom units. It features an on-site laundry room and most units have undergone recent updates. Becovic plans to make additional investments throughout the property.
