6-Unit Brick Apartment
For Sale
$1,625,000
7441 N Rogers Avenue, Chicago, IL 60626
Fully occupied masonry property with in-unit laundry, central heating and air conditioning, and dedicated resident parking.
Property Size5,017 SF
Price / SF$323.90
Days on Market50
Property Features for 7441 N Rogers Avenue
General Information
Standard status
Active
Size
5,017 SF
Property subtype
MULTI_FAMILY
Occupancy
100%
Site & Location
Neighborhood
Rogers Park
Public Transit
Yes
Units
Unit Mix
6 x 2BR/1BA
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$26,300
Amenities
stainless steel appliances
in-unit laundry
central heating and air conditioning
Building Details
Building Size
5,017 SF
Year Built
2020
Construction
masonry
Listing Agency:
eXp Realty
Listed By:
Michael Scanlon · License #475188240
(312) 488-9525
Source:
Dawnmckennagroup
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 28 at 3:27PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
Built in 2020, this 6-unit masonry apartment building contains 5,017 square feet and is fully occupied. The property includes six two-bedroom, one-bath apartments with modern layouts, oversized bedrooms, stainless steel appliances, in-unit laundry, central heating and air conditioning, and a dedicated parking space for each residence.
The building is located at 7441 N Rogers Avenue in Chicago, blocks from Lake Michigan, the CTA Red Line, and the Rogers Park Metra station. These transit connections provide access to downtown Chicago, Evanston, Andersonville, Edgewater, and other North Side neighborhoods. The projected pro-forma cap rate is 7.27%.
The building is located at 7441 N Rogers Avenue in Chicago, blocks from Lake Michigan, the CTA Red Line, and the Rogers Park Metra station. These transit connections provide access to downtown Chicago, Evanston, Andersonville, Edgewater, and other North Side neighborhoods. The projected pro-forma cap rate is 7.27%.
Key Highlights
- Six two‑bedroom, one‑bath apartments in a 2020‑built masonry building
- 5,017 square feet with full occupancy
- Each apartment includes in‑unit laundry, stainless steel appliances, and central heating and air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,906
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,538,120
$1.5M
Cap Rate 7%
$1,098,657
$1.1M
Cap Rate 9%
$854,511
$854.5K
Market Conditions
NOI Build-Up for 5,017 SF
Gross rent
$147.5K $29.40/SF
− Vacancy
−$7.7K −$1.53/SF
EGI
$139.8K $27.87/SF
− OpEx
−$62.9K −$12.54/SF
NOI
$76.9K $15.33/SF
Area
Chicago, IL
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,538,120
Cap Rate 7%
$1,098,657
Cap Rate 9%
$854,511
Alternative Uses
Best Use
Apartment 5plus
$1.10M
$961.3K – $1.28M
NOI $76,906 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.37M
$2.07M – $2.76M
NOI $165,585 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,301
Businesses Nearby
Explore this area
Business Placement
Demographics for 60626, IL
50,548
Population
26,812
Households
1.9
Avg Household Size
36
Median Age
53%
College-Educated
91%
High-School Grad
1.7 sq mi
ZIP Area
29,734
Density / Sq Mi
$57,452
Median Household Income
$39,527
Median Earnings
$1,265
Median Rent
$269,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied masonry property with in-unit laundry, central heating and air conditioning, and dedicated resident parking.
Where is this apartment building located?
The property is located at 7441 N Rogers Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: Six two‑bedroom, one‑bath apartments in a 2020‑built masonry building; 5,017 square feet with full occupancy; Each apartment includes in‑unit laundry, stainless steel appliances, and central heating and air conditioning
