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IllinoisMultifamily

Becovic Residential adds vintage eight-unit multifamily building to portfolio

May 22, 2023
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Becovic Residential, a multifamily owner and operator based in Chicago, is happy to announce the recent addition of a vintage eight-unit multifamily building to its Northside portfolio. The property, known as The Villages of Eastlake #7724, located at 7724-26 N. Eastlake Terrace in Chicago, was acquired for $1.65 million. Becovic Realty and Senior Managing Broker Shkelzen “Kelly” Muja, represented the buyer in the transaction. Becovic Management Group will assume property management responsibilities.

Nestled in Eastlake Terrace, the #7724 building offers an unparalleled charm and serenity that epitomizes Rogers Park. Built in 1920, The Villages of Eastlake #7724 showcases lake views, 1500 square feet floor plans and the convenience of five rear parking spaces. The property also enjoys a prime position facing Rogers Avenue Beach.

In addition to the acquisition of the 7724 N Eastlake property, Becovic Residential manages 12 other properties on the four-block Eastlake Terrace. Residents of this community have access to an array of Chicago amenities and attractions, including Juneway Beach located just across the street and convenient access to public transportation, including the 147 bus, as well as the red, purple, and yellow lines at the nearby Howard Street station.

Residents of Eastlake Terrace will find an abundance of dining, entertainment, and shopping options within a short distance. Sol Cafe, Caribbean American Baking, Harold’s Chicken Shack, Redz Belizean Restaurant, The Factory Theater, The Recyclery Collective, and numerous other establishments contribute to the vibrant and diverse local scene.

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