$3,450,000
$3,950,000
12.7%For more information regarding the value of a property, please contact us for a free consultation.
0.31 Acres Lot
SOLD DATE : 05/10/2024
Key Details
Sold Price $3,450,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11973712
Sold Date 05/10/24
Maintenance Fees $24,468
Year Built 1916
Annual Tax Amount $34,278
Tax Year 2022
Lot Size 0.310 Acres
Lot Dimensions PER SURVEY
Property Sub-Type Multi Family 5+
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.
Location
State IL
County Cook
Area Chi - Rogers Park
Zoning MULTI
Interior
Cooling None
Fireplace N
Building
Level or Stories 3
Structure Type Brick
Others
HOA Fee Include None
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Bought with Isaac Jolcover • Landstar Realty Group, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "