7722-7728 N. MARSHFIELD AVE.

Property Overview

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.

Highlights

  • Highly Desirable Rogers Park Courtyard Building Comprised of 44 Apartments–Mix of Studio and 1Bdr Layouts
  • Immediate Ability to Raise Rents and Consider Implementing a Value-Add Strategy to Renovate Units and Bolster Rent Roll
  • Boiler Replaced 2009
  • All Copper Plumbing, 800 AMP Electrical Service to Building

Key Details

Sale Price
$5,280,000
Number of Units
Forty-Four (44)
Submarket
Rogers Park