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-familyProperty Type
1920Year Built
8,011 sq ftLot Size
Listed by John Preston• Horvath & Tremblay IL, LLC
Bought with John Preston• Horvath & Tremblay IL, LLC
Residential Two-Flat, Townhouse and Multi-Unit District
The primary purpose of the RT districts is to accommodate detached houses, two-flats, townhouses and low-density, multi-unit residential buildings at a density and building scale that is compatible with RS districts. The districts are intended to be applied in areas characterized by a mix of housing types. The districts are also intended to provide a gradual transition between RS districts and higher density RM districts. The RT districts are differentiated primarily on the basis of allowed density (minimum lot area per unit) and floor area ratios.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Hospital / medical center
Housing-Group
Housing-Multiple units
Housing-Senior
Infrastructure
Bed & breakfast
Office
Public service
Property details
Parking
Parking Information
Indoor Parking: 1-5 Spaces
Interior
Unit Type 1 Information
# of Rooms: 3
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
# of Units: 6
Monthly Income: $850
Monthly Income Max: $900
Unit Type 2 Information
# of Rooms: 3
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
# of Units: 11
Monthly Income: $800
Monthly Income Max: $950
Unit Type 3 Information
# of Rooms: 5
# of Bedrooms: 1
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
# of Units: 4
Monthly Income: $1,240
Monthly Income Max: $1,250
Unit Type 4 Information
# of Rooms: 5
# of Bedrooms: 2
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
# of Units: 1
Monthly Income: $1,440
Monthly Income Max: $1,440
Unit Type 5 Information
# of Rooms: 6
# of Bedrooms: 3
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
# of Units: 1
Monthly Income: $1,675
Monthly Income Max: $1,675
Exterior
Building Information
# of Units: 23
Built Before 1978 (Y/N): Yes
Construction Materials: Brick
Property Information
Property Type: Multi Family 5+
Parcel Number: 11291030070000
Lot Information
Dimensions: 130x60
Zoning: MULTI
Financial
Tax Information
Tax Annual Amount: $32,364
Tax Year: 2024
Financial Information
Finance Code: Cash
Gross Rent Multiplier: 7.88
Total Monthly Income: $23,290
Gross Income: $291,520
Utilities
Heating & Cooling
Heat/Ventilation: Gas,Radiators,Radiant
Location
Location Information
Directions: Property is located on the east side of Sheridan Rd. Just north of N Rogers Ave
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: 3.0
Lot Size: 8,011 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1920
Year Renovated: —
County: Cook County
APN: 11291030070000
Home facts updated by county records on Sep 17, 2026
Other
Expense Information
Water Sewer Expense: $9,204
Electric Expense: $3,005
Trash Expense: $5,144
Insurance Expense: $10,019
Listing Information
Some Photos Virtually Staged?: No
Around this home
Schools
Gale Elementary Community Academy
Public PreK-8 • Assigned • 0.3mi
3/10
Sullivan High School
Public 9-12 • Assigned • 1.3mi
2/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 99° expected this year, 13 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Chicago, IL • 60626
Average low and high temperatures (°F)
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51
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37
26
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Sun exposure
59/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.