Becovic Residential Acquires The Windale Multifamily Building In Chicago For $6.8M

Becovic Residential has purchased The Windale, a 55-unit multifamily building located at 6019 North Winthrop Avenue in Chicago's Edgewater Beach neighborhood, for a total of $6.8 million. The property underwent extensive renovations and offers amenities such as a lobby, curated photography, and a pet run. It is conveniently situated near Lake Shore Drive, the Thorndale CTA Red Line train station, and various local attractions.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,800,000
• Market: Chicago
• Units: 55
• Price per Unit: $123,636

The deal was facilitated by real estate broker Joe Smazal from Interra Realty, who represented the buyer, Becovic Residential. The seller's representative information was not provided in the context. JP Morgan Chase Bank, with Scott Kalkofen as the lender, was involved in providing the necessary financing for the transaction.