Essex Realty Group Closes $5.3 Million Rogers Park Apartment Building Sale

CHICAGO, ILLINOIS — Chicago-based multifamily brokerage firm Essex Realty Group, LLC is pleased to announce the successful sale of 7545 N. Bell Avenue, a multifamily apartment building in Chicago’s Rogers Park neighborhood, for $5,300,000.

Transaction Summary

• Transaction Type: Rogers Park Apartment Building Sale
• Address: 7545 N. Bell Avenue, Chicago, Illinois
• Neighborhood: Rogers Park
• Property Type: Multifamily Apartment Building
• Sale Price: $5,300,000
• Brokers: Principals Jordan Gottlieb and Jim Darrow

Property Overview: Rogers Park Apartment Building

The well-maintained courtyard apartment building features a highly desirable unit mix comprised primarily of spacious two- and three-bedroom apartments averaging more than 1,050 square feet.

Originally renovated around 2015, the property offers modern apartment finishes including hardwood flooring, stainless steel appliances, granite countertops, subway tile backsplashes, and updated bathrooms.

Additional amenities include on-site laundry facilities and 17 outdoor parking spaces, providing an additional source of income.

The property generated strong investor interest due to its combination of stable in-place income, quality renovations, and long-term rental demand. Its spacious unit mix, ample parking, and well-maintained condition positioned the asset as a compelling investment opportunity with continued upside in one of Chicago’s most established lakefront neighborhoods.

Broker Representation for the Rogers Park Apartment Building Sale

The transaction was represented by Principals Jordan Gottlieb and Jim Darrow.

“The Chicago apartment market continues to be one of the strongest in the country, drawing strong interest from local as well as out-of-state buyers for properties like 7545 N. Bell Avenue,” said Principal Jordan Gottlieb.

Rogers Park Multifamily Investment Market

Located in the heart of Rogers Park, the property benefits from exceptional connectivity and neighborhood amenities. Residents are within walking distance of the Howard CTA Station, providing access to the Red, Purple, and Yellow Lines, as well as the Rogers Park Metra Station and multiple CTA bus routes.

The property is also conveniently located near the Howard Street retail corridor, Rogers Park’s expansive park system, and Loyola University, whose large student population continues to support strong apartment demand in the surrounding area.

This transaction reflects the continued demand for multifamily investments across Chicago’s North Side, where transit-oriented locations, larger apartment layouts, and proximity to major educational institutions remain highly attractive to investors seeking stable, long-term performance.

This transaction was also featured in Bisnow as part of the publication’s Chicago Deal Sheet highlighting notable commercial real estate transactions across the market.

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About Essex Realty Group, LLC

Essex Realty Group, LLC is a leading Chicago multifamily brokerage firm specializing in apartment building sales throughout the city and surrounding suburbs. Since 1990, the firm has represented private investors, institutions, and property owners in the acquisition and disposition of multifamily investment properties.