7661 N Sheridan Rd, Chicago, IL
9 bd · 23 ba · 0 sqft Multi-Family listed at $2,300,000, built in 1920 in the Far North Side neighborhood.
About this home
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 7661 N Sheridan Road. The four-story building contains (23) total units comprised of (1) 3-Bedroom/2-Bathroom unit, (1) 2-Bedroom/1-Bathroom unit, (4) 1-Bedroom/1-Bathroom units, (11) Studio units, & (6) Studio units with detached bathrooms. There are (5) total garage spaces in the rear. The property currently grosses over $279k in gross rents and has additional income on top of that. Current ownership has taken care of numerous CAPEX expenses at the building - the whole front facade was redone (tuckpointing & lintels), upgraded electrical service (800 AMPS), and 19/23 units have undergone some sort of cosmetic upgrades. Steps away from Lake Michigan at $100,000/unit - deals like this one don't come available often.
Property details
- Price
- $2,300,000
- Bedrooms
- 9
- Bathrooms
- 23
- Year built
- 1920
- Lot size
- 7,841 sqft
- Type
- Multi-Family
- Days on market
- 46
- Est. property tax
- $47,840/yr · $3,987/mo · 2.08% IL avg
- Last sold
- $1,483,000 · Feb 2020
Estimated monthly payment
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Price history
- Mar 10, 2026$2,300,000Initial list price
- Jan 13, 2023$800Price change
- Jan 12, 2023$800Price change
- Jun 2, 2022$1,300Price change
- May 24, 2022$1,300Price change
- Feb 2, 2022$750Price change
- May 17, 2021$800Price change
- Apr 11, 2021$750Price change
- Apr 11, 2021$1,000Price change
- Dec 25, 2020$900Price change
- Dec 25, 2020$795Price change
- Dec 25, 2020$695Price change
- Dec 25, 2020$795Price change
- Dec 25, 2020$750Price change
- Sep 3, 2020$1,050Price change
- Sep 3, 2020$825Price change
- Aug 5, 2020$1,450Price change
- Feb 18, 2020$1,483,000Sold
- Jan 8, 2010$560Price change
- Dec 4, 2009$560Price change
Location
This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.
About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)
Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.
Home Intelligence
Neighborhood (zip 60626)
This neighborhood is primarily renter-occupied (29% owner-occupied). Median age is 35.7; 33% hold a bachelor's degree; median household income is $56,145.
- Median income
- $56,145
- Median age
- 35.7
- Owner-occupied
- 29.1%
- Bachelor's degree
- 33.2%
- Census median home value
- $268,500
Source: US Census Bureau American Community Survey 5-year estimates.
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