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7661 N Sheridan Rd 7661 N Sheridan Rd 23 Unit Apartment Building $3,144,215 CAD ($136,705 CAD/Unit) 7.16% Cap Rate Chicago, IL 60626

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Investment Highlights

  • Transit Oriented Property
  • Superior Location
  • Strong Rental Demographics & Demand
  • Area Amenities & Demand Drivers
  • Nearby Higher Education
  • Strong Property Construction

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 7661 N Sheridan Road in Chicago, IL (the “Property”). The four-story building contains twenty three (23) total units comprised of one (1) 3-Bedroom/2-Bathroom unit, one (1) 2-Bedroom/1-Bathroom unit, four (4) 1-Bedroom/1-Bathroom units, and seventeen (17) Studio units, with 11,200 square feet of gross living area in 14,000 square feet of gross area. The Property is situated upon a 0.2-acre parcel and offers on-street parking. 7661 North Sheridan Road is well-positioned along the Lakefront corridor on Chicago’s North Side, offering strong visibility and direct access to surrounding neighborhoods including Rogers Park, Edgewater, and Uptown. The property benefits from immediate proximity to Lake Shore Drive, providing efficient north–south connectivity throughout the city and convenient access to downtown Chicago. Nearby CTA bus routes and close access to the Red Line further enhance transit accessibility. Surrounding retail, dining, lakefront recreational amenities, and neighborhood services support strong residential demand and long-term tenant appeal.

Property Facts

Price $3,144,215 CAD
Price Per Unit $136,705 CAD
Sale Type Investment
Cap Rate 7.16%
No. Units 23
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class C
Lot Size 0.20 AC
Building Size 14,000 SF
Average Occupancy 100%
No. Stories 4
Year Built 1920
Zoning RT-4 - Residential Two-Flat, Townhouse and Multi-Unit District

Amenities

Unit Amenities

  • Heating
  • Kitchen
  • Oven
  • Range
Walk Score®
Very Walkable (81)
Transit Score®
Excellent Transit (76)
Bike Score®
Very Bikeable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
11-29-103-007-0000
Land Assessment
$30,116 CAD
Improvements Assessment
$190,101 CAD
Total Assessment
$220,217 CAD
  • Listing ID: 39690784

  • Date on Market: 2026-03-06

  • Last Updated:

  • Address: 7661 N Sheridan Rd, Chicago, IL 60626

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