Value-Add Rogers Park Courtyard | 7722 N Marshfield Ave
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Value-Add Rogers Park Courtyard 7722 N Marshfield Ave
44 Unit Apartment Building $5,280,000 ($120,000/Unit) Chicago, IL 60626
Executive Summary
Interra Realty has been exclusively engaged to market 7722-7728 N. Marshfield, Chicago, for sale. The subject property is a welllocated
44-unit courtyard building located in Chicago's northside neighborhood of Rogers Park. The boiler-heated building is comprised of (30) Studios and fourteen (14) 1Bdr/1Ba layouts. This asset offers a qualified investor the opportunity to acquire a sizeable asset that has additional value-add potential. A new investor can look to increase current rent levels which are below market while also choosing to upgrade units to a more condo-quality finish level to bolster the rent roll and returns. The property will be delivered free and clear of any existing debt and is currently professionally managed and operated.
44-unit courtyard building located in Chicago's northside neighborhood of Rogers Park. The boiler-heated building is comprised of (30) Studios and fourteen (14) 1Bdr/1Ba layouts. This asset offers a qualified investor the opportunity to acquire a sizeable asset that has additional value-add potential. A new investor can look to increase current rent levels which are below market while also choosing to upgrade units to a more condo-quality finish level to bolster the rent roll and returns. The property will be delivered free and clear of any existing debt and is currently professionally managed and operated.
Property Facts
| Price | $5,280,000 | Apartment Style | Low Rise |
| Price Per Unit | $120,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.37 AC |
| Gross Rent Multiplier | 10.3 | Building Size | 29,400 SF |
| No. Units | 44 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1923/2016 |
| Price | $5,280,000 |
| Price Per Unit | $120,000 |
| Sale Type | Investment |
| Gross Rent Multiplier | 10.3 |
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 29,400 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1923/2016 |
Unit Amenities
- Heating
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Sunroom
Site Amenities
- Laundry Facilities
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 30 | - | - |
| 1+1 | 14 | - | - |
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Walk Score ®
Very Walkable (82)
Transit Score ®
Excellent Transit (76)
Bike Score ®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 11-30-216-010-0000 | Improvements Assessment | $300,725 |
| Land Assessment | $45,375 | Total Assessment | $346,100 |
PROPERTY TAXES
Parcel Number
11-30-216-010-0000
Land Assessment
$45,375
Improvements Assessment
$300,725
Total Assessment
$346,100
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Value-Add Rogers Park Courtyard | 7722 N Marshfield Ave
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