Address
7441 N Rogers Avenue, Chicago, IL
Price
$ 1,625,000
Property Attributes
- MLS#12756947
- TypeMulti-Family
- Listing Status New
- CountyCOOK
- CityChicago
- AreaCHI - Rogers Park
- NeighborhoodRogers Park
- Zip60626
- Style
- Year Built2020
- Taxes$ 26300
- Price$ 1,625,000
- Bedrooms2
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage5017
- Lot Size0.15 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
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.
| Price History | |
|---|---|
| 9/11/2026 | Listed $1,625,000 |
General Features
| Cooling | Central Air |
|---|---|
| Zoning | MULTI |
| Construction Materials | Brick,Concrete |
| Year Built | 2020 |
| Tenant Pays | Air Conditioning,Electricity,Heat |
| Stories Count | 3 |
| Tax Year | 2024 |
| Gross Income | 131220 |
| County | Cook |
| Net Operating Income | 91568 |
| Operating Expense | 34428 |
| Insurance Expense | 3758 |
| Property Type | Commercial Sale |
| MaintenanceExpense | 4250 |
| Status | New |
| Directions | N or S on Clark,E on N Rogers toward Lake,Property has private driveway on North side of street |
| City | Chicago |
| Number Of Units Total | 6 |
| MLS Area | CHI - Rogers Park |
| Lot Size Square Feet | 6721 |
| Tax Annual Amount | 26300 |
| Trash Expense | 2480 |
| Water Sewer Expense | 2864 |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| Property Type | Multi Family 5+ |
| Cap Rate | 5.42 |
Exterior Features
| Building Area Total | 5017 |
|---|---|
| Lot Dimensions | 30X160 |
| Lot Size Acres | 0.15 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60626
Price
Taxes
Year Built
Visits
