7545 N Bell Ave - Apartments FOR SALE


Chicago, IL 60645- West Rogers Park
$5,650,000 USD
847-989-3017
7545 N Bell Ave, Chicago, IL for Sale
$5,650,000 USD
Apartments - FOR SALE
1/16
null | 6.55% Cap Rate

7545 N Bell Ave
Chicago, IL 60645
West Rogers Park


HIGHLIGHTS

  • Exceptional 30-Unit Courtyard Building in the Heart of Rogers Park
  • Highly Desirable Unit Mix Comprised of Primarily Expansive 2 & 3 Bedrooms Averaging Over 1,050 SF
  • Substantially Renovated Around 2015 Featuring Modernized Apartment Finishes & Updated Building Systems
  • Includes 17 On-Site Outdoor Parking Spaces Providing Additional Income
  • Premier Location Near Howard CTA Station, Rogers Park Metra Station & Multiple Bus Routes

OVERVIEW

7545 North Bell Avenue, a 30-unit apartment building strategically located in Chicago's Rogers Park neighborhood, has been engaged to market for sale. The property features a diverse unit mix including mostly 2- and 3-bedroom apartments. The nearby Loyola University campus, with its significant student population, helps drive consistent rental demand in the area, offering investors an attractive opportunity in one of Chicago's most accessible and transit-rich neighborhoods Thoughtfully updated 10-12 years ago, the units feature modern finishes that appeal to today's renters. Most apartments showcase hardwood floors, stainless steel appliances, granite countertops, subway tile backsplashes, contemporary bathrooms, and are heated by a boiler system. Additional building amenities include on-site laundry facilities and 17 outdoor parking spaces. Situated in Chicago's northernmost lakefront community, the property offers residents outstanding accessibility and lifestyle amenities. The building is conveniently located less than one mile from the Howard CTA Station, steps from multiple bus routes, and nearby the Rogers Park Metra Station, providing seamless connectivity throughout Chicago. Residents enjoy proximity to the expansive 20 plus acre Rogers Park and are within walking distance of the Howard Street retail corridor.

FOR SALE DETAILS

PRICE

$5,650,000 USD

PRICE/SF

$192 USD /SF

# OF UNITS

30

PRICE/UNIT

$188,333

CAP RATE

6.55%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1961

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,399 SF

ZONING

RT-4

APN/PARCEL ID

11-30-307-191-0000

ASK ABOUT THIS PROPERTY

Jordan GottliebEssex Realty Group, LLCMore Info
847-989-3017

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Jordan GottliebEssex Realty Group, LLCMore Info
847-989-3017

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.