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About This Home

This 12-bedroom, 6-bathroom residential multi family at 7441 N Rogers Avenue in Chicago, IL is listed for $1,690,000. Built in 2020, on a 0.15 acres lot.

Agent 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.

Key Features

  • Built in 2020
  • 0.15 acre lot
  • 3 stories

Property Details

3 stories
6 full
2020

Amenities

A/C

Monthly Cost Estimate

$9,038/mo

20% down · 6.5% · 30 years

Principal$1,222
Interest$7,323
Insurance$493

Estimates only. Actual payments may vary.

Location

7441 N Rogers Avenue

Chicago, IL 60626

Property Details

Construction

Brick Concrete

Cooling

Central Air

Questions & Answers

This 12-bedroom, 6-bathroom residential multi family at 7441 N Rogers Avenue is listed at $1,690,000. The estimated monthly payment is $7,323 based on 20% down at 6.5% interest.

Key features include: Built in 2020, 0.15 acre lot, 3 stories.

This property is listed by Michael Scanlon and can be reached at (888) 574-9405 or michael.scanlon@exprealty.com.

MS

Michael Scanlon

Agent at eXp Realty

(888) 574-9405

Listed by eXp Realty · View on Broker Site

MLS# 12685746· Source: listhub· Updated 2 days ago

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7441 N Rogers Avenue, Chicago, IL 60626

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