Commercial $ NaN

7441 N Rogers AVE

Chicago, IL 60626

  • 5,017 SqFt
  • 6,534 Lot Size
  • 2020 Year Built
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.
Listed by Michael Scanlon of eXp Realty

PROPERTY DETAIL

  • Key Details

    Property Type Commercial

    Sub Type Multi Family 5+

    Listing Status Active

    Purchase Type For Sale

    Square Footage 5, 017 sqft

    Price per Sqft $336

    MLS Listing ID 12685746

    Year Built 2020

    Annual Tax Amount $26,300

    Tax Year 2024

    Lot Size 6,534 Sqft

    Lot Dimensions 30X160

    Property Sub-Type Multi Family 5+

  • Location

    State IL

    County Cook

    Zoning MULTI

  • Building

    Structure Type Brick,Concrete

  • Interior

    Cooling Central Air

    Fireplace N

  • Exterior

    View Y/N true

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CONTACT

Michael Scanlon
Michael Scanlon

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