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7545 N Bell Ave 30 Unit Apartment Building $5,650,000 ($188,333/Unit) 6.55% Cap Rate Chicago, IL 60645

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Investment Highlights

  • Exceptional 30-Unit Courtyard Building in the Heart of Rogers Park
  • Substantially Renovated Around 2015 Featuring Modernized Apartment Finishes & Updated Building Systems
  • Premier Location Near Howard CTA Station, Rogers Park Metra Station & Multiple Bus Routes
  • Highly Desirable Unit Mix Comprised of Primarily Expansive 2 & 3 Bedrooms Averaging Over 1,050 SF
  • Includes 17 On-Site Outdoor Parking Spaces Providing Additional Income

Executive Summary

7545 North Bell Avenue, a 30-unit apartment building strategically located in Chicago's Rogers Park neighborhood, has been engaged to market for sale. The property features a diverse unit mix including mostly 2- and 3-bedroom apartments. The nearby Loyola University campus, with its significant student population, helps drive consistent rental demand in the area, offering investors an attractive opportunity in one of Chicago's most accessible and transit-rich neighborhoods
Thoughtfully updated 10-12 years ago, the units feature modern finishes that appeal to today's renters. Most apartments showcase hardwood floors, stainless steel
appliances, granite countertops, subway tile backsplashes, contemporary bathrooms, and are heated by a boiler system. Additional building amenities include on-site laundry facilities and 17 outdoor parking spaces.
Situated in Chicago's northernmost lakefront community, the property offers residents outstanding accessibility and lifestyle amenities. The building is conveniently located less than one mile from the Howard CTA Station, steps from multiple bus routes, and nearby the Rogers Park Metra Station, providing seamless connectivity throughout Chicago. Residents enjoy proximity to the expansive 20 plus acre Rogers Park and are within walking distance of the Howard Street retail corridor.

Data Room Click Here to Access

Property Facts

Price $5,650,000
Price Per Unit $188,333
Sale Type Investment
Cap Rate 6.55%
Gross Rent Multiplier 8.88
No. Units 30
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.51 AC
Building Size 28,649 SF
Average Occupancy 93%
No. Stories 3
Year Built 1961
Parking Ratio 0.59/1,000 SF
Zoning RT-4
Walk Score®
Very Walkable (83)
Transit Score®
Excellent Transit (72)
Bike Score®
Very Bikeable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
11-30-307-191-0000
Land Assessment
$48,645
Improvements Assessment
$304,351
Total Assessment
$352,996
  • Listing ID: 39561575

  • Date on Market: 2/24/2026

  • Last Updated:

  • Address: 7545 N Bell Ave, Chicago, IL 60645

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