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Becovic Buys Again in Rogers Park

Interra Realty brokered the sale of 7070 N. Sheridan Rd., a 24-unit rental community in the North Side’s Rogers Park neighborhood. It sold for $3.5 million, or $145,833 per unit.

The firm’s Joe Smazal represented both the private seller, who had owned the property for 30-plus years, and Chicago-based Becovic Management Group, a frequent buyer locally. The building was fully occupied at closing.

“Demand is high for mid-market multifamily buildings in North Side neighborhoods,” said Smazal. “7070 N. Sheridan is similar to other properties recently acquired by the buyer. We marketed the building to our large pool of investors, including Becovic, a long-term holder of apartment properties with an established presence in Rogers Park, and received multiple written offers in a short timeframe.”

Built in 1960, 7070 N. Sheridan offers 21 two-bedroom, 1½-bath apartments and three one-bedroom, one-bath units. Residences feature hardwood floors and floor plans that include dining areas.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition