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Multifamily

7515 N Winchester Ave

7515 N Winchester Ave, Chicago, IL 60626

Listing Price: $3,550,000

Cap Rate
5.38%
Number of Units
27
Occupancy
95.0%
Price/Unit
$131,481
Price/Gross SF
$167.85
Gross SF
21,150

Investment Overview

Marcus & Millichap is pleased to present this 27-unit apartment building, built in 1930, located at 7515-21 North Winchester Avenue in the Rogers Park neighborhood of Chicago, Illinois. Located approximately 12 miles north of the downtown Chicago Loop, the property has convenient access to Lake Shore Drive. Public transportation is readily available at the Rogers Park Metra station and at the Chicago Transit Authority's (CTA) Howard Subway Station/'L' train lines, both which are located within one mile of the property, and are locally served by CTA and PACE for transportation by bus. CTA and PACE bus stops are conveniently located along Howard Street, just footsteps from the subject property. For domestic and international travel purposes, O'Hare International Airport is approximately 13 miles southwest of the asset. The unit mix for the subject property consists of three one-bedroom/one-bathroom garden units, 12 one-bedroom/one-bathroom small units, six one-bedroom/one-bathroom large units, and six two-bedroom/one-bathroom units, measuring 750, 750, 800, and 850 square feet, respectively. The property also features an on-site laundry facility. The property is positioned on Winchester Avenue, two blocks west of Clark Street; a major north-south thoroughfare that stretches for miles. Gateway Centre Plaza is two blocks west, and holds numerous retail and dining options. Downtown Evanston is approximately two miles north of the asset. Rogers Park is both Chicago's northernmost point and one of its most diverse neighborhoods, offering a strong concentration of retail shops and restaurants that reflect more than a dozen distinct ethnic cultures and 13 easily accessible beaches and lakefront paths.

Investment Highlights

  • Excellent Rogers Park Location
  • Property Features Recent Tuck Pointing & Newer Boiler
  • On-Site Laundry Facility
  • Within One Mile of Metra & CTA Subway stations
  • Easy Access to Lake Shore Drive
  • Surrounded by Numerous Retail & Dining Options

Exclusively Listed By

Listing Price: $3,550,000

Cap Rate
5.38%
Number of Units
27
Occupancy
95.0%
Price/Unit
$131,481
Price/Gross SF
$167.85
Gross SF
21,150

Investment Highlights

  • Excellent Rogers Park Location
  • Property Features Recent Tuck Pointing & Newer Boiler
  • On-Site Laundry Facility
  • Within One Mile of Metra & CTA Subway stations
  • Easy Access to Lake Shore Drive
  • Surrounded by Numerous Retail & Dining Options

Investment Overview

Marcus & Millichap is pleased to present this 27-unit apartment building, built in 1930, located at 7515-21 North Winchester Avenue in the Rogers Park neighborhood of Chicago, Illinois. Located approximately 12 miles north of the downtown Chicago Loop, the property has convenient access to Lake Shore Drive. Public transportation is readily available at the Rogers Park Metra station and at the Chicago Transit Authority's (CTA) Howard Subway Station/'L' train lines, both which are located within one mile of the property, and are locally served by CTA and PACE for transportation by bus. CTA and PACE bus stops are conveniently located along Howard Street, just footsteps from the subject property. For domestic and international travel purposes, O'Hare International Airport is approximately 13 miles southwest of the asset. The unit mix for the subject property consists of three one-bedroom/one-bathroom garden units, 12 one-bedroom/one-bathroom small units, six one-bedroom/one-bathroom large units, and six two-bedroom/one-bathroom units, measuring 750, 750, 800, and 850 square feet, respectively. The property also features an on-site laundry facility. The property is positioned on Winchester Avenue, two blocks west of Clark Street; a major north-south thoroughfare that stretches for miles. Gateway Centre Plaza is two blocks west, and holds numerous retail and dining options. Downtown Evanston is approximately two miles north of the asset. Rogers Park is both Chicago's northernmost point and one of its most diverse neighborhoods, offering a strong concentration of retail shops and restaurants that reflect more than a dozen distinct ethnic cultures and 13 easily accessible beaches and lakefront paths.

Exclusively Listed By

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