Chicago, IL 60626,7700 N Eastlake TER
Chicago, IL 60626,7700 N Eastlake TER
Chicago, IL 60626,7700 N Eastlake TER
Chicago, IL 60626,7700 N Eastlake TER
Chicago, IL 60626,7700 N Eastlake TER
Chicago, IL 60626,7700 N Eastlake TER
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$3,450,000

$3,950,000

12.7%
Est.Price: ?

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Est. payment /mo

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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Midwest Real Estate Data (MRED) IDX
Listed by Santiago Valdez • Compass
Bought with Isaac Jolcover • Landstar Realty Group, Inc.
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