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7516-7524 N Seeley Ave 37 Unit Apartment Building $4,650,000 ($125,676/Unit) Chicago, IL 60645
INVESTMENT HIGHLIGHTS
- Oversized studio and 1-bedroom layout
- Ability to substantially increase rents by adding bedrooms to the existing studio and 1 bedroom units
- Newer boiler, hot water heaters and tanks within the last 11 years
- Only two owners in the last 75 years
- Ascention St Francis Hospital just .5 miles to the north
- Masonry and Lintel Repairs (2023). Newer windows (2012) and porches (2010).
EXECUTIVE SUMMARY
33 Realty is delighted to present for sale 37 units at 7516-7524 N Seeley Ave, Chicago, IL 60645 nestled in the vibrant heart of Rogers Park. Conveniently situated just south of Howard St and the retail attractions near the Howard stop. With the Howard CTA 0.5 miles away and 25-minute commute into downtown, this location offers convenience and accessibility.
The property has 37 units consisting of:
Eighteen (18) Studio units ~ 665 SF Each
Nineteen (19) 1 Bed / 1 Bath units ~ 920 SF Each
7516-7524 N Seeley Ave presents a rare opportunity to substantially increase rents by adding a
bedroom to the studio and 1 bedroom units given their large floorplans.
The property has 37 units consisting of:
Eighteen (18) Studio units ~ 665 SF Each
Nineteen (19) 1 Bed / 1 Bath units ~ 920 SF Each
7516-7524 N Seeley Ave presents a rare opportunity to substantially increase rents by adding a
bedroom to the studio and 1 bedroom units given their large floorplans.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $4,650,000 | Apartment Style | Garden |
| Price Per Unit | $125,676 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| No. Units | 37 | Building Size | 29,450 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1924 |
| Zoning | RT-4 | ||
| Price | $4,650,000 |
| Price Per Unit | $125,676 |
| Sale Type | Investment |
| No. Units | 37 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 29,450 SF |
| No. Stories | 4 |
| Year Built | 1924 |
| Zoning | RT-4 |
AMENITIES
UNIT AMENITIES
- Microwave
- Storage Space
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Range
- Walk-In Closets
- Basement
- Large Bedrooms
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 18 | $1,013 | 665 |
| 1+1 | 19 | $1,120 | 920 |
1 1
Walk Score®
Very Walkable (88)
Transit Score®
Excellent Transit (76)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 11-30-309-013-0000 | Total Assessment | $214,221 (2024) |
| Land Assessment | $55,490 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $158,731 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
11-30-309-013-0000
Land Assessment
$55,490 (2024)
Improvements Assessment
$158,731 (2024)
Total Assessment
$214,221 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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7516-7524 N Seeley Ave
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