UNDER CONTRACT – MULTI-FAMILY
7417 N. Clark St. Chicago, IL 60626
NEIGHBORHOOD
Rogers Park
PRICE
Call for details
NUMBER OF UNITS
19
PROPERTY LISTED

Essex Realty Group, Inc. is exclusively engaged to market for sale 7417-7427 N. Clark St. ("the Property"), a 19-unit, courtyard-style apartment building located in the Rogers Park neighborhood of Chicago. The Property is conveniently situated 0.18 miles south of the Howard CTA station servicing the Purple, Red, and Yellow Lines and 0.28 miles west of the Jarvis CTA Red Line train station. 7417-7427 N. Clark St. is also located just 0.56 miles west of Lake Michigan and multiple beaches.

7417-7427 N. Clark St. is comprised of three (3) 1Bd/1Ba, thirteen (13) 2Bd/1Ba, and three (3) 2Bd/2Ba apartments. The property also has eight (8) exterior parking spaces The building features a Peerless boiler installed in 2019, two 150 gallon hot water tanks, and 400 amp electric service. The apartments feature radiator heat, hardwood floors, white appliances, wood cabinetry, laminate countertops, and window air conditioning units.

The Property presents investors with numerous investment strategies. A new owner has the ability to increase rents over time. For example, 2Bd/1Ba units at the building currently average $1,036/month, while nearby comparable units rent for $1,100-$1,250/month. Alternatively, investors may elect to update the units with modern finishes and add laundry facilities to achieve premium market rents. Nearby, upgraded 2Bd/1Ba units units rent for $1,200-$1,350/month.

LOCATION DETAILS

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HIGHLIGHTS
  • 19-unit courtyard value-add opportunity located in Rogers Park
  • Unit mix: three (3) 1Bd/1Ba, thirteen (13) 2Bd/1Ba, and three (3) 2Bd/2Ba apartments
  • Conveniently located 0.18 miles south of the Howard CTA station and 0.28 miles west of the Jarvis CTA station
  • As-is rental upside: 2Bd/1Ba units at the building average $1,036/month, while nearby units rent for $1,100-$1,250/month
LISTING BROKERS
Doug Imber
President
773.305.4902
Kate Varde
Principal
773.305.4908
Clay Maxfield
Director
773.305.4852