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7801 S South Shore Drive, Chicago, IL 60649

$2,895,000
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  • 7801 S South Shore Drive, Chicago, IL 60649 Main Photo

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Active
BEDS0 BATHS MLS#12579441
STATUSActive PROPERTY TYPEMulti Unit - Multiple
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Property Description

PRICE REDUCED for this attractive 1960's era, 32 unit brick building in great location in booming South Shore. Appealing unit mix of 4 studios, 10-1/1's, 15-2/1's and 3-3/1's. Roof, Porches, Masonry/Tuckpointing, and Electrical work done within last 5-8 yrs. Every unit updated with Bath and Kitchen reno during same period. Laundry in basement area and outdoor parking in rear for 16-20 cars. Located 1/2 block from Rainbow Beach Park and Rainbow Beach on the shore of beautiful Lake Michigan. The CTA 26, 6, 71, and N5 buses serve this location with both north and south bound stops at 78th and S. South Shore Dr, and it's just a short 2 block walk to the Metra Line (commuter rail) stop. Less than 3 miles to world renowned University of Chicago, the new Obama Presidential Library, the soon to be renovated Jackson Park Golf course, and just 9 blocks from the Campus of the soon to be built, 1 million s.f. Illinois Quantum and Microelectronics Park. Also, less than 11 miles to the center of downtown Chicago. New property management is in place and is working to stabilize rents. There is an ASSUMABLE loan in place at an attractive rate and it will not adjust until 12-1-28, at which time it will float off SOFR.

7801 S South Shore Drive | MLS# 12579441

This multi-family property located at 7801 S South Shore Drive, Chicago, IL 60649 is currently listed for sale with an asking price of $2,895,000. Search Chicago real estate on dwilder.bhhscrosby.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Window Unit(s)
Lot Size: 0.39 Acres
Stories: 4.0
Taxes: $39,110
Year Built: 1961

Feature Descriptions

Current Use: Multi-Family
Electric: Circuit Breakers
Exterior: Brick, Concrete
Fire Protection: Alarm Monitored, Sprinklers
Frontage Type: City Street
HVAC: Central Bldg Heat
Lot Dimensions: 135X125
Parcel#: 21304150280000
Parking: 13-18 Spaces, Common Parking, Open, Private Lot, Parking On-Site
Potential Use: Condominium
Tenant Pays: Electricity
Units: 32

Listed By / Shown By

Listed By

Agency Name: Pearson Realty Group
Agency Phone: 773-325-2800

Shown By

Agent Name: System Administrator
Agent Phone: (815) 397-4040
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate

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Estimated Payment

$ 10,546.56 per month $6,443.01 Principal & Interest $3,259.17 Property Tax $844.38 Homeowner's Insurance

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