Property Attributes
- MLS#11973712
- TypeContingent
- CountyCOOK
- CityChicago
- AreaCHI - Rogers Park
- Zip60626
- StyleMulti-Family
- Year Built1916
- Taxes$ 34278
- Price$ 3,950,000
- Bedrooms6
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.31 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
7700 N Eastlake Ter. - 7704 N Eastlake Ter., 7756-58 N Rogers Ave, is located in one of Chicago's Lakefront Neighborhoods, Rogers Park. This corner property consists of 19 residential units and 2 garage parking spaces. The apartment rental mix is comprised of (6) 3 bed/2 bath units, (6) 2 bed/1.5 bath units and (7) 1 bed/1 bath apartments. Each apartment has access to private balconies which overlook a courtyard. This classic Chicago brick, corner building has a premier, East of Sheridan location directly across the street from Lake Michigan, the Rogers Park Beach and the Rogers Beach Park Tennis Courts. The building's unique position on the block gives it an unobstructed view of the Lake, Beach and Park which can be seen from each of the apartments. The land was originally acquired in 1914 and the building constructed by William Sullivan. It has remained in the family and lovingly cared for throughout 4 generations. Take advantage of the first opportunity in the history of the building to become its owner. The investment provides huge upside and value add opportunity as it is occupied by long-term tenants with below market rents. The well-maintained building has had many updates throughout the years. Including vinyl windows, boiler, hot water heater, tuckpointing, roof silver coating, garage roof, rear decks/stairs and some electrical/plumbing. The building has 7 floorplans; all of which are large and boast front sunrooms, fireplaces, separate dining rooms, pantries and large bedrooms. The rear of the building consists of large balconies, a courtyard and a 2 car garage. 7700-06 N Eastlake Ter./7756-58 N Rogers Ave sits in in a coveted East of Sheridan, Rogers Park Location. It's a short walk to the CTA Howard Train Stop (Red/Purple/Yellow), Buses and easy driving access to Evanston and other shopping, groceries and restaurants within the City of Chicago. AS-IS. Owner doesn't warrant legality of Garden Unit.
Price History | |
---|---|
2/5/2024 | Listed $4,400,000 |
2/24/2024 | 11% - $3,950,000 |
General Features
Cooling | None |
---|---|
Zoning | MULTI |
Association Fee Includes | None |
Construction Materials | Brick |
Year Built | 1916 |
Electric | Circuit Breakers |
Tenant Pays | Electricity |
Stories | 3 |
Township | Rogers Park |
Tax Year | 2022 |
Current Use | Multi-Family |
Gross Income | 323100 |
County | Cook |
Net Operating Income | 169396 |
Operating Expense | 115165 |
Insurance Expense | 17139 |
Property Type | Commercial Sale |
Contingency | Attorney/Inspection |
MaintenanceExpense | 24468 |
Possible Use | Condominium,Multi-Family |
Status | Contingent |
Directions | North on Sheridan,South on Eastlake Ter. - Corner of Eastlake Ter. & Rogers Ave. |
City | Chicago |
Total Units | 19 |
MLS Area | CHI - Rogers Park |
Lot Size Square Feet | 13703 |
Street Name | Eastlake |
Tax Annual Amount | 34278 |
Electric Expense | 2945 |
Fuel Expense | 44375 |
Trash Expense | 3948 |
Water Sewer Expense | 10545 |
Additional Parcels Y/N | No |
Days on Market | 45 |
Standard Status | Active Under Contract |
Property Type | Multi Family 5+ |
Interior Features
Street Suffix | Terrace |
---|---|
Basement | Partially Finished,Exterior Access,Bathroom Rough-In,Storage Space |
Exterior Features
Lot Dimensions | PER SURVEY |
---|---|
Lot Size Acres | 0.31 |
Frontage Type | City Street,Alley Access |
Exterior | Brick |
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