Rogers Park is experiencing a surge in new construction apartment buildings, with more projects pending approval as demand for housing in this vibrant North Side neighborhood grows stronger. Limited housing stock has created a competitive leasing market, with rental renewal rates up by 5-8% this year and housing providers seeing 10-15% increases for units listed last rental season. It’s clear that Rogers Park’s appeal—and demand for housing—is only rising. Whether you’re considering an acquisition or looking to expand your portfolio, now is an ideal time to explore multifamily investment opportunities in this high-demand area.

Rogers Park, situated on Chicago’s far North Side, is a vibrant and eclectic neighborhood known for its proximity to Lake Michigan, providing residents with easy access to beautiful beaches and scenic lakefront paths. The area is also home to Loyola University, adding a lively college-town atmosphere and attracting students, faculty, and staff. Well-connected by public transportation, including several CTA Red Line stations and multiple bus routes, Rogers Park offers convenient commutes to downtown Chicago and other parts of the city. Its diverse dining scene, local shops, and strong sense of community make Rogers Park a desirable destination for both residents and real estate investors looking to be part of a thriving, up-and-coming neighborhood.

Several multifamily developments have recently been completed, set for delivery or approved by the Chicago Plan Commission in Rogers Park including Glenwood Point Apartments, 7015 N. Sheridan Rd and 7428 N. Rogers Ave.

Reach out to discuss the latest opportunities in Rogers Park’s evolving market or take a look at Interra’s Rogers Park listings.

Kevin Rahmanim is an Associate at Interra Realty. Kevin graduated from the University of Illinois and is a licensed real estate broker in the State of Illinois.