Monarch Realty Partners is pleased to exclusively offer for purchase 7056-64 N. Clark located in the Rogers Park neighborhood on Chicago’s northside. Fully renovated with luxury loft apartments spanning two structures, this unique property consists of sixteen [16] units including eleven [11] apartments and five [5] commercial spaces. The apartments are primarily two and three bedroom units. There are also sixteen [16] exterior parking spaces.
The buildings were completely renovated in 2016 and feature updated facades with new windows, roofs, steel decking, and concrete. The interiors feature all new mechanicals, new 1600 AMP electric service, and new copper plumbing throughout. Currently, all the apartments and four of the commercial spaces are leased. These large loft apartments are among the finest in the submarket. The units all have unique layouts with high ceilings, brand new kitchens and baths including stainless steel appliances, dishwashers and granite countertops, in-unit laundry, and central HVAC. The property includes a sizeable rear loading dock and a large basement space that can be utilized as tenant amenity or incorporated into the commercial space.
Rogers Park is a dynamic neighborhood attractive to both investors and tenants as a desirable, affordable alternative to other North Side neighborhoods. The property is located one block from the Metra station and a short walk to the Morse CTA Red Line station providing easy access to downtown Chicago, Evanston and Northwestern University. Lake Michigan, Loyola University and the Gateway Centre Plaza with Jewel Osco and Marshalls are also nearby. This is an opportunity to buy a completely renovated asset that is well-positioned long term within one of Chicago’s most dynamic neighborhoods.
