Rogers Park Apartment Building Sells for $1.5 Million Near Chicago Lakefront

CHICAGO, ILLINOIS — Chicago-based multifamily brokerage firm Essex Realty Group, LLC is pleased to announce the sale of 7603-7609 N. Greenview Avenue, an 11-unit apartment building located in Chicago’s Rogers Park neighborhood, just steps from the Lake Michigan shoreline.

Transaction Summary

• Transaction Type: Rogers Park Apartment Building Sale
• Address: 7603-7609 N. Greenview Avenue, Chicago
• Neighborhood: Rogers Park
• Property Type: Multifamily Apartment Building
• Unit Count: 11 Units
• Sale Price: $1,500,000
• Brokers: Principal Matt Feo, Associate Tim Kavanaugh

Property Overview: 11-Unit Apartment Building in Rogers Park

The property consists of eleven spacious one-bedroom, one-bathroom apartments. Units have received varying levels of cosmetic renovation, with updates completed around 2022. Interior finishes include hardwood floors, granite or laminate countertops, stainless steel appliances, baseboard heat, and window-unit air conditioning.

In addition to interior improvements, the building has benefited from recent capital upgrades, including newer windows. The asset offered investors a well-located Rogers Park apartment building with in-place cash flow and the potential for continued operational upside.

Who Represented the Rogers Park Apartment Building Sale

Essex Realty Group Principal Matt Feo and Associate Tim Kavanaugh represented the seller in the transaction. Matt Feo also represented the buyer.

“In multifamily brokerage, localized submarket expertise is essential. Our deep experience in Rogers Park positioned us to achieve the best possible outcome for the seller,” said Tim Kavanaugh.

Throughout the marketing process, the property attracted interest from investors seeking well-located assets with in-place cash flow and renovation potential. Its proximity to the lakefront and public transportation further strengthened its appeal.

Rogers Park Multifamily Investment Market

7603-7609 N. Greenview Avenue offers residents convenient access to multiple bus routes along Sheridan Road, Howard Street, and Rogers Avenue, as well as the Howard CTA station, which services the Red, Purple, and Yellow Lines. The surrounding area provides a wide range of neighborhood amenities including local restaurants, retail, parks, and everyday conveniences such as Jewel-Osco, Walgreens, and Chase Bank.

Rogers Park continues to attract multifamily investors due to its lakefront location, strong renter demand, and accessibility to public transportation. The neighborhood offers a diverse housing stock and steady occupancy levels, making it a consistent performer within Chicago’s North Side rental market. Investors remain drawn to well-maintained assets with renovation potential, particularly those located near transit and neighborhood retail corridors.

Read More About This Transaction

This Rogers Park apartment building sale was also featured in Yield PRO, highlighting continued investor demand for well-located multifamily assets near Chicago’s lakefront with access to transit and neighborhood amenities.

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About Essex Realty Group

Essex Realty Group, LLC has served Chicago’s investment real estate market since 1990 as a leading Chicago multifamily brokerage firm specializing in apartment building sales throughout the city and surrounding suburbs.