7661 N Sheridan Rd - Apartments FOR SALE


Chicago, IL 60626- Rogers Park
$2,300,000 USD
317-403-6641
7661 N Sheridan Rd, Chicago, IL for Sale
$2,300,000 USD
Apartments - FOR SALE
1/12
null | 7.16% Cap Rate

7661 N Sheridan Rd
Chicago, IL 60626
Rogers Park


HIGHLIGHTS

  • Transit Oriented Property
  • Area Amenities & Demand Drivers
  • Superior Location
  • Nearby Higher Education
  • Strong Rental Demographics & Demand
  • Strong Property Construction

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 7661 N Sheridan Road in Chicago, IL (the “Property”). The four-story building contains twenty three (23) total units comprised of one (1) 3-Bedroom/2-Bathroom unit, one (1) 2-Bedroom/1-Bathroom unit, four (4) 1-Bedroom/1-Bathroom units, and seventeen (17) Studio units, with 11,200 square feet of gross living area in 14,000 square feet of gross area. The Property is situated upon a 0.2-acre parcel and offers on-street parking. 7661 North Sheridan Road is well-positioned along the Lakefront corridor on Chicago’s North Side, offering strong visibility and direct access to surrounding neighborhoods including Rogers Park, Edgewater, and Uptown. The property benefits from immediate proximity to Lake Shore Drive, providing efficient north–south connectivity throughout the city and convenient access to downtown Chicago. Nearby CTA bus routes and close access to the Red Line further enhance transit accessibility. Surrounding retail, dining, lakefront recreational amenities, and neighborhood services support strong residential demand and long-term tenant appeal.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$137 USD /SF

# OF UNITS

23

PRICE/UNIT

$100,000

CAP RATE

7.16%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7661 N Sheridan Rd

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

RT-4

APN/PARCEL ID

11-29-103-007-0000

ASK ABOUT THIS PROPERTY

John PrestonHorvath & TremblayMore Info
317-403-6641

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John PrestonHorvath & TremblayMore Info
317-403-6641

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