7661 N Sheridan Road Chicago, IL ^$ 2,300,000

7661 N Sheridan Road

^$ 2,300,000

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7661 N Sheridan Road

Chicago, IL, 60626

^$ 2,300,000

Bedrooms6 Baths0.0

Monthly Estimate*

^$ 14,161

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Multi-Family Home for sale in Chicago, IL

for $2,300,000 with 6 bedrooms. This home was built in 1920 on a lot size of 0.18.

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.

Multi-Family Contingent

Price

^$ 2,300,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 32,364

Style

Lot Size

0.18

Year Built

1920

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12588904

Features

General

Zoning MULTI

Construction Materials Brick

Year Built 1920

Stories Count 4

Tax Year 2024

Gross Income 291520

County Cook

Net Operating Income 167233

Operating Expense 124287

Insurance Expense 10019

Property Type Commercial Sale Multi Family 5+

Contingency Attorney/Inspection

MaintenanceExpense 14950

Status Contingent

Directions Property is located on the east side of Sheridan Rd. Just north of N Rogers Ave

City Chicago

Number Of Units Total 23

MLS Area CHI - Rogers Park

Lot Size Square Feet 8011

Tax Annual Amount 32364

Electric Expense 3005

Fuel Expense 15453

Trash Expense 5144

Water Sewer Expense 9204

Additional Parcels Y/N N

Standard Status Active Under Contract

Cap Rate 7.27

Exterior

Lot Dimensions 130x60

Lot Size Acres 0.18

* Excluded Features

List By

Horvath & Tremblay Il, Llc

Broker

jpreston@htapartments.com

Affordability Calculator

$16,858

Per Month

Monthly Principal & Interest: $14,161
Monthly Property Taxes: $2,697
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$618,637

Percent of Sale Price 73%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/10/2026	$2,300,000		Listed Price

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7661 N Sheridan Road, Chicago, IL, 60626 is a Multi-Family Home for sale at $2,300,000 with a lot size of 0.18. 7661 N Sheridan Road has 6 bedrooms, 0.0 baths, and was built in 1920. The property's zip code is 60626 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 3/22/2026.

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7661 N Sheridan Road

Multi-Family Home for sale in Chicago, IL

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