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7661 N Sheridan Road Chicago, IL 60626

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For Sale
$2,300,000

23-unit multifamily property near Lake Michigan with recent upgrades.

Lot size:
0.18 Acres
Added:
Mar 11, 2026
Days on Market:
22
Last Refresh:
Mar 16 at 10:59 am

Property Features for 7661 N Sheridan Road

General Information

Standard status
Active
Lot size
0.18 Acres

Building Details

Year Built
1920

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Listing Contact
JOHN PRESTON

Listing agent JOHN PRESTON

Listing office HORVATH & TREMBLAY IL, LLC

Listing date Mar 11, 2026

Source Corcoran

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 HORVATH & TREMBLAY IL, LLC


Overview

Sheridan Road Multifamily Investment Opportunity

This four-story multifamily investment property is located at 7661 N Sheridan Road. The building comprises 23 units, including one 3-bedroom/2-bathroom unit, one 2-bedroom/1-bathroom unit, four 1-bedroom/1-bathroom units, eleven studio units, and six studio units with detached bathrooms. The property also features five garage spaces located at the rear of the building. The property currently generates over $279,000 in gross rents, with additional income streams. The building has undergone several capital improvements, including a redone front facade with tuckpointing and lintels, an upgraded 800 AMP electrical service, and cosmetic upgrades to 19 of the 23 units. The property is located steps away from Lake Michigan.
Location Intelligence

Current Use by Public Records

Peak Properties Apartment Building

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6661409
Latitude
42.0210831

FAQs

What type of property is this?
Apartment building - 23-unit multifamily property near Lake Michigan with recent upgrades.
Where is this apartment building located?
The property is located at 7661 N Sheridan Road Chicago, IL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: High Gross Rents: Property currently grosses over $279k with additional income potential.; 19 out of 23 units have undergone cosmetic upgrades.; Recent CAPEX Improvements: Front facade redone and upgraded electrical service (800 AMPS).
More about this property
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