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7661 N Sheridan Rd 7661 N Sheridan Rd 23 Unit Apartment Building $2,300,000 ($100,000/Unit) 7.16% Cap Rate Chicago, IL 60626



Investment Highlights
- Transit Oriented Property
- Superior Location
- Strong Rental Demographics & Demand
- Area Amenities & Demand Drivers
- Nearby Higher Education
- Strong Property Construction
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 7661 N Sheridan Road in Chicago, IL (the “Property”). The four-story building contains twenty three (23) total units comprised of one (1) 3-Bedroom/2-Bathroom unit, one (1) 2-Bedroom/1-Bathroom unit, four (4) 1-Bedroom/1-Bathroom units, and seventeen (17) Studio units, with 11,200 square feet of gross living area in 14,000 square feet of gross area. The Property is situated upon a 0.2-acre parcel and offers on-street parking. 7661 North Sheridan Road is well-positioned along the Lakefront corridor on Chicago’s North Side, offering strong visibility and direct access to surrounding neighborhoods including Rogers Park, Edgewater, and Uptown. The property benefits from immediate proximity to Lake Shore Drive, providing efficient north–south connectivity throughout the city and convenient access to downtown Chicago. Nearby CTA bus routes and close access to the Red Line further enhance transit accessibility. Surrounding retail, dining, lakefront recreational amenities, and neighborhood services support strong residential demand and long-term tenant appeal.
Property Facts
| Price | $2,300,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $100,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 7.16% | Building Size | 14,000 SF |
| No. Units | 23 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1920 |
| Zoning | RT-4 - Residential Two-Flat, Townhouse and Multi-Unit District | ||
| Price | $2,300,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| Cap Rate | 7.16% |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 14,000 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1920 |
| Zoning | RT-4 - Residential Two-Flat, Townhouse and Multi-Unit District |
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
1 1
Walk Score®
Very Walkable (81)
Transit Score®
Excellent Transit (76)
Bike Score®
Very Bikeable (74)
Property Taxes
| Parcel Number | 11-29-103-007-0000 | Improvements Assessment | $139,059 |
| Land Assessment | $22,030 | Total Assessment | $161,089 |
Property Taxes
Parcel Number
11-29-103-007-0000
Land Assessment
$22,030
Improvements Assessment
$139,059
Total Assessment
$161,089
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7661 N Sheridan Rd | 7661 N Sheridan Rd
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