7700 North Eastlake Terrace, Chicago, IL

$3,950,000

Previous Next

0.31

Acres

About 7700 North Eastlake Terrace

7700 N Eastlake Ter. - 7704 N Eastlake Ter., 7756-58 N Rogers Ave, is located in one of Chicago's Lakefront Neighborhoods, Rogers Park. This corner property consists of 19 residential units and 2 garage parking spaces. The apartment rental mix is comprised of (6) 3 bed/2 bath units, (6) 2 bed/1.5 bath units and (7) 1 bed/1 bath apartments. Each apartment has access to private balconies which overlook a courtyard. This classic Chicago brick, corner building has a premier, East of Sheridan location directly across the street from Lake Michigan, the Rogers Park Beach and the Rogers Beach Park Tennis Courts. The building's unique position on the block gives it an unobstructed view of the Lake, Beach and Park which can be seen from each of the apartments. The land was originally acquired in 1914 and the building constructed by William Sullivan. It has remained in the family and lovingly cared for throughout 4 generations. Take advantage of the first opportunity in the history of the building to become its owner. The investment provides huge upside and value add opportunity as it is occupied by long-term tenants with below market rents. The well-maintained building has had many updates throughout the years. Including vinyl windows, boiler, hot water heater, tuckpointing, roof silver coating, garage roof, rear decks/stairs and some electrical/plumbing. The building has 7 floorplans; all of which are large and boast front sunrooms, fireplaces, separate dining rooms, pantries and large bedrooms. The rear of the building consists of large balconies, a courtyard and a 2 car garage. 7700-06 N Eastlake Ter./7756-58 N Rogers Ave sits in in a coveted East of Sheridan, Rogers Park Location. It's a short walk to the CTA Howard Train Stop (Red/Purple/Yellow), Buses and easy driving access to Evanston and other shopping, groceries and restaurants within the City of Chicago. AS-IS. Owner doesn't warrant legality of Garden Unit.

Features of 7700 North Eastlake Terrace

MLS® # 11973712
Price $3,950,000
Bathrooms 0.00
Acres 0.31
Year Built 1916
Type Commercial Sale
Sub-Type Multi Family 5+
Status Contingent

Community Information

Address 7700 North Eastlake Terrace
Area CHI - Rogers Park
City Chicago
County Cook
State IL
Zip Code 60626

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling None
Fireplace No
Has Basement No

Exterior

Exterior Brick

Additional Information

Days on Market 88
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCompass

Listing Map