Log In/Sign Up
Your email has been sent.
7319 N Rogers Ave
Chicago, IL 60626
Chase on the Park · Multifamily Property For Sale
·
16 Units
Executive Summary
7319 N. Rogers Ave. is a 16-unit walk-up apartment building located in Chicago's Rogers Park neighborhood.
The Property consists of sixteen one-bedroom/one-bathroom apartments, all but one of which have been rehabbed since 2018 and include new floors, quartz countertops, subway tile backsplashes, new cabinetry, stainless steel appliances, and new bathrooms. The property generates additional income through on-site coin-operated laundry and garage parking. Of the 12 total garage spaces, 10 are currently income-producing, with one occupied by a dumpster and one reserved for building management. Converting these two spaces to rentable parking presents a straightforward value-add opportunity.
A new owner may choose to rehab the one remaining unrenovated first-floor unit and increase rent by $685 per month as proven by a similar unit in the building. Thus, one could potentially add $7,190 in net operating income, or $109,000 in value to the property (at a 6.6% cap rate).
7319 N. Rogers Ave. benefits from an exceptional transit-oriented location, with Howard Station (Red/Purple/Yellow Lines) approximately a 10-minute walk and the Rogers Park Metra station (UP-North Line) approximately a 9-minute walk, offering express service to the Loop in 15–23 minutes. The property is also within close proximity to the Clark Street retail corridor, Loyola University Chicago, Touhy Park, and the Lake Michigan shoreline, amenities that consistently drive strong rental demand in the neighborhood.
The Property consists of sixteen one-bedroom/one-bathroom apartments, all but one of which have been rehabbed since 2018 and include new floors, quartz countertops, subway tile backsplashes, new cabinetry, stainless steel appliances, and new bathrooms. The property generates additional income through on-site coin-operated laundry and garage parking. Of the 12 total garage spaces, 10 are currently income-producing, with one occupied by a dumpster and one reserved for building management. Converting these two spaces to rentable parking presents a straightforward value-add opportunity.
A new owner may choose to rehab the one remaining unrenovated first-floor unit and increase rent by $685 per month as proven by a similar unit in the building. Thus, one could potentially add $7,190 in net operating income, or $109,000 in value to the property (at a 6.6% cap rate).
7319 N. Rogers Ave. benefits from an exceptional transit-oriented location, with Howard Station (Red/Purple/Yellow Lines) approximately a 10-minute walk and the Rogers Park Metra station (UP-North Line) approximately a 9-minute walk, offering express service to the Loop in 15–23 minutes. The property is also within close proximity to the Clark Street retail corridor, Loyola University Chicago, Touhy Park, and the Lake Michigan shoreline, amenities that consistently drive strong rental demand in the neighborhood.
Property Facts
| Price Per Unit | $175,000 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 9,890 SF |
| No. Units | 16 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1968/2019 |
| Property Subtype | Apartment | Parking Ratio | 1.11/1,000 SF |
| Building Class | C |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 9,890 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1968/2019 |
| Parking Ratio | 1.11/1,000 SF |
Property Taxes
| Parcel Number | 11-30-417-003-0000 | Improvements Assessment | $135,958 |
| Land Assessment | $25,875 | Total Assessment | $161,833 |
Property Taxes
Parcel Number
11-30-417-003-0000
Land Assessment
$25,875
Improvements Assessment
$135,958
Total Assessment
$161,833
1 of 16
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
