HOT – Off Market – 29 Units – Rogers Park

7329 N Honore St. Chicago, IL. 60626
  • $4,990,000
  • $172,069
  • / Unit

HOT – Off Market – 29 Units – Rogers Park

7329 N Honore St. Chicago, IL. 60626
Yearly Income $445,380
Yearly Expenses $142,459
Current Rents $445,380
Pro Forma Rents $597,900
  • 38
  • Bedrooms
  • 29
  • Bathrooms
  • 10260
  • Sq Ft
  • 1931
  • Year Built
  • 100%
  • Occupancy
  • 3
  • Stories
  • Forced Air
  • Heating System
  • Window Units
  • Cooling System
  • Common, Paid
  • Laundry
  • 38
  • Bedrooms
  • 29
  • Bathrooms
  • 10260
  • Sq Ft
  • 1931
  • Year Built
  • 100%
  • Occupancy
  • 38
  • Parking
  • 3
  • Stories
  • Forced Air
  • Heating System
  • Forced Air
  • Cooling System
  • Common, Paid
  • Laundry

About the property

The building contains 29 spacious units consisting of nine 2-bedroom/1-bath units, twenty Spacious 1-bedroom/1 bath units. MAJOR RENOVATIONS & UPDATES have been completed on this building making it a Solid Turn-Key Asset. The building boasts a NEW ROOF, updated Lentils along with Vinyl windows that were updated less than 6 years ago.  23 of 29 units have been meticulously updated to modern design, boasting features such as FRESH PAINT, QUARTZ COUNTERTOPS, RENOVATED BATHROOMS, CERAMIC TILE AND BEAUTIFULLY STAINED WOOD FLOORING. The building is heated through Forced Air & cooled by window unit AC. 85% of the building’s plumbing has been replaced including 12 of 16 risers, all drains and main sewer lines. Lastly, this building has been cared for, is CHA compliant, is already a cash cow with room to increase income.

About the neighbourhood

  • Rogers Park is a vibrant and diverse neighborhood located on the North Side of Chicago, known for its unique cultural mix, beautiful lakefront, and strong sense of community. Rogers Park offers a dynamic and inviting atmosphere, characterized by a blend of architectural styles, including vintage apartments, historic homes, and modern condominiums. The community is known for its artistic and creative scene, with several theaters, galleries, and music venues that host performances and exhibitions throughout the year. Loyola University Chicago, a prominent educational institution, is also situated within Rogers Park, contributing to the area's academic and youthful energy.

Municipality - Investor Guide

Chicago
Transfer StampsPre Sale InspectionYearly Rental Inspection
Buyer: YCost: YesRequired: NoRequired: Yes
Seller: YCost: YesCost: $0Cost: Varies
Notes
All rental buildings with 4 or more units must be registered with the city; Inspection may occur upon notice from Building Department. Call City to confirm if inspection is needed prior to closing.

For a list of all Municipality requirements visit our Municipality Requirements Page

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Utility Table

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Property Taxes

2022202120202019
Tax Amount$28,119.91$51,127.11$26,164.01$23,596.94
YOY Tax Change ($)-$23,007.20+$24,963.10+$2,567.07+$396.83
YOY Tax Change (%)-45.00%+95.41%+10.88%+1.71%
Current Assessed Value$235,887
Source - Public Record

For more information on assessments, property taxes, and tax appeals visit: Property Taxes

Assessed - Land$15,134
Assessed - Improved$220,753
Source - Public Record

For more information on assessments, property taxes, and tax appeals visit: Property Taxes

Walkscore

Nearby

Arts & Entertainment
Mado's African Hair Braiding Salon (0.21 mi)
Exceptional 13 reviews
Lee Nails (0.26 mi)
Average 102 reviews
Glen Lusby Interiors (0.27 mi)
Exceptional 1 reviews
Education
Little People Day Care & Kindergarten (0.2 mi)
Fair 4 reviews
Taste Food & Wine (0.43 mi)
Exceptional 70 reviews
Uno Rogers Park Charter School Theater (0.43 mi)
Poor 2 reviews
Food
Tortas Salome (0.09 mi)
0 reviews
El Original Supermarket (0.11 mi)
Average 1 reviews
Red Violin Wine Spirits (0.13 mi)
Good 12 reviews
Health & Medical
New Image Hair Salon (0.09 mi)
Good 26 reviews
Walgreens (0.13 mi)
Fair 61 reviews
Rogers Park Nutrition Spot (0.15 mi)
Exceptional 1 reviews

Contact Information

Phu Nguyen
  • Phu Nguyen

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