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Becovic Adds Howard Theater Building to Apartment Portfolio
Becovic has added The Howard Theater Building to its Rogers Park portfolio. The mixed-use property at 1615-43 W. Howard St. 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 floorplans. 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 hosted both movies and live productions until it was closed in 1975. The building was repurposed in 1999 by Cornerstone Investment Group with elements of the original theater being included in the redevelopment.
“We are fortunate to add this iconic Rogers Park property,” said president Sal Becovic. “The Howard Theater is vital to the vibrancy of the neighborhood and the success of the Howard Street Business District in attracting businesses along Howard Street.”
- ◦Sale/Acquisition
