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About the Listing 87488 - 895103,890279
Beautiful East Rogers Park Brick 6 Unit investment opportunity located in one of Chicago's most consistently desirable rental neighborhoods. This newer construction masonry building features six large two-bedroom, one-bath apartments and is fully occupied with a proven history of strong tenant demand. Residents enjoy an unbeatable location just blocks from Lake Michigan, the CTA Red Line, and the Rogers Park Metra station, providing convenient access to downtown Chicago, Evanston, Andersonville, Edgewater, and the surrounding North Side neighborhoods. Each apartment offers a modern layout with oversized bedrooms, abundant natural light, stainless steel appliances, in-unit laundry, central heating and air conditioning, and a dedicated parking space. The property's dedicated parking lot is a valuable amenity that continues to attract and retain tenants. With low operating expenses, well below market rents, and substantial rental upside, investors have a clear path to increasing returns over time. The property's projected 7.27% pro-forma cap rate highlights the opportunity to unlock additional value while benefiting from the stability of a fully leased, newer construction asset in a high-demand lakefront location.
Listing Highlights
Status
Active
Days on Site
22
Property Type
Multi-Family
MLS ®
12685746
Year Built
2020
Total Square Footage
5,017
Lot/Acreage
0.15
County
Cook
Area
CHI - Rogers Park
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central Air
- Heating: Forced Air,Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 30X160
- Zoning: MULTI
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $26,300
- Taxes w/Assessments: N/A
- Tax/Property ID: 11304130070000
- Tax Year: 2024
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
7441 N Rogers Ave Chicago, IL 60626
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