Rogers Park 78-Unit Apartment
6748-50 N Ashland, Chicago, IL 60626
New
78-unit vintage mid-rise apartment building in Chicago's Rogers Park.
Type:Multifamily
Property size:
48,867 SFPrice / SF:
$235/SF- Added:
- May 25, 2026
- Days on Market:
- 6
- Last Refresh:
- May 27 at 8:25 am
Property Features for 6748-50 N Ashland
General Information
- Standard status
- Active
- Size
- 48,867 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1932
Listing agent Jacob Price License #475.201874
Listing office Kiser group
Listing date May 25, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Kiser group
HighLights
- 78‑unit vintage apartment building in Chicago's Rogers Park, offering significant scale.
- Strong rental demand driven by proximity to Loyola University Chicago.
- Excellent transit access: close to Morse CTA Red Line, Rogers Park Metra, and multiple bus routes.
- Proximity to Lake Michigan and its recreational opportunities.
- Mix of renovated units with modern upgrades and original architectural details.
- Located in a diverse and transit‑oriented neighborhood with increasing multifamily development.
Overview
Located in Chicago's Rogers Park neighborhood, the property at 6748–50 N. Ashland is a 78-unit vintage mid-rise apartment building. Constructed in 1927, the building exhibits Art Deco influences and retains its original architectural character. The unit mix consists of eight studios, sixty-nine one-bedroom/one-bath apartments, and one two-bedroom/one-bath unit. Apartment interiors feature modern upgrades alongside original architectural details such as crown molding, keyhole doorways, and retro bathroom tile flooring. Renovated units include stainless steel appliances, refinished hardwood or vinyl flooring, dishwashers, and granite countertops. Building amenities include a lobby, an elevator, laundry facilities, and tenant storage lockers. Situated along the Ashland Avenue corridor, the property is approximately 0.4 miles from the Morse CTA Red Line Station and 0.5 miles from Rogers Park Metra Station, placing it within close proximity to public transportation, neighborhood retail, and lakefront recreation. Rogers Park is located 10 miles from downtown and is the furthest north side neighborhood in Chicago. The area is home to Loyola University Chicago, multiple CTA Red Line stops and over one mile of publicly accessible beaches. Loyola University Chicago is an economic driver for Rogers Park with 11,919 undergraduate students. Multifamily development has increased in this neighborhood, including luxury apartments like The Morgan, 415 Premier Apartments, and Albion at Loyola Station. The CTA Red Line stops include Howard, Jarvis, Morse, and Loyola. In 2013, the Loyola stop underwent a $17 million renovation that included a plaza. Bus Routes include the #22 (Clark) and #147 (Outer Drive Express).
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.44M | $29.40 |
| − Vacancy | −$74.7k | −$1.53 |
| EGI | $1.36M | $27.87 |
| − OpEx | −$612.9k | −$12.54 |
| NOI | $749.1k | $15.33 |
48,867 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$10.70M
$9.36M – $12.48M
NOI $749,090 @ 7.0% cap · market cap 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$23.04M
$20.16M – $26.88M
NOI $1,612,846 @ 7.0% cap · market cap 14.02%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6708284
- Latitude
- 42.0050978
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 78-unit vintage mid-rise apartment building in Chicago's Rogers Park.
Where is this apartment building located?
The property is located at 6748-50 N Ashland Chicago, IL.
What is the asking price?
The asking price for this property is $11,500,000.
What are key features of this property?
This property features: 78‑unit vintage apartment building in Chicago's Rogers Park, offering significant scale.; Strong rental demand driven by proximity to Loyola University Chicago.; Excellent transit access: close to Morse CTA Red Line, Rogers Park Metra, and multiple bus routes.
