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$3,450,000
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Property Description
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.
Full Property Details
Full Property Details for 7700 N Eastlake Terrace
General
- Sold For: $3,450,000
- Taxes: $34,278 (2022)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 11973712
- Added to Site: 713 day(s) ago
Interior
- Interior Features: Laundry Room
Location
- Area: CHI - Rogers Park
- County: Cook
- Driving Directions: North on Sheridan, South on Eastlake Ter. - Corner of Eastlake Ter. & Rogers Ave.
- Location Details: Corner, Lakefront, Water View, In City Limits
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: None
- Heating Type: Central Building Heat, Gas, Radiators
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 3
- Current Bldg. Use: Multi-Family
- Year Built: 1916
- Built Before 1978: Yes
Lot Features
- Lot Size (Acres): 0.31
- Lot Size (Sq. Ft.): 13,703
- Lot Dimensions: PER SURVEY
- Frontage: City Street, Alley Access
- Potential Use: Condominium, Multi-Family
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $115,165
- Assessment Year: 1916
- Tax Amount: $34,278
- Tax Year: 2022
- Tenant Pays: Electricity
Disclosures and Reports
- Property ID: 11291030200000
Listed by Compass
Sold by Landstar Realty Group, Inc.
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Schools
Schools serving 7700 N Eastlake Terrace
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Gale Elementary Community Academy 1631 West Jonquil Terrace, Chicago, IL 60626 | PK-8 | 0.3 mi |
Sullivan High School, Chicago, IL 6631 North Bosworth Avenue, Chicago, IL 60626 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7700 N Eastlake Terrace
Date
Details
Price
Change
Source
5/10/2024
Sold
$3,450,000
-12.66%
MLS
2/24/2024
Price Reduced
$3,950,000
-10.23%
MLS
2/05/2024
Listed
$4,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
7700 N Eastlake Terrace, Chicago, IL 60626 (MLS# 11973712) is a Commercial property that was sold at $3,450,000 on May 10, 2024. Want to learn more about 7700 N Eastlake Terrace? Do you have questions about finding other Commercial real estate for sale in Rogers Park? You can browse all Rogers Park real estate or contact a Coldwell Banker agent to request more information.

