7350 S Phillips Ave - Apartments FOR SALE


Chicago, IL 60649- South Shore
$8,175,000 USD
606-375-5398
7350 S Phillips Ave, Chicago, IL for Sale
$8,175,000 USD
Apartments - FOR SALE
1/12
null | 9.96% Cap Rate

7350 S Phillips Ave
Chicago, IL 60649
South Shore


HIGHLIGHTS

  • Central Heat/Air
  • In-Unit Laundry
  • Brand New Elevator
  • Updated Electric/Plumbing
  • 74% 2 & 3 Bedroom Units

OVERVIEW

CRER is pleased to present “The Shore Residences,” a 70-unit multifamily investment offering in Chicago’s historic South Shore neighborhood. The Shore Residences underwent a full renovation in 2025 and consists of a diverse unit mix of one, two, and three bedrooms. Major systems and common areas have been upgraded, including electric, plumbing, roof, elevator, trash chute, and laundry room. Residents enjoy spacious layouts featuring condo quality finishes, updated kitchens and baths, central heat and air, hardwood floors, and the convenience of in-unit laundry. With its strong unit mix, modernized infrastructure, and elevated in-unit experience, The Shore Residences offer investors a stabilized South Shore asset positioned to capture continued rental demand along Chicago's lakefront corridor.

FOR SALE DETAILS

PRICE

$8,175,000 USD

PRICE/SF

$115 USD /SF

# OF UNITS

70

PRICE/UNIT

$116,786

CAP RATE

9.96%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Shore Residences

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

RT-4

APN/PARCEL ID

21-30-109-037-0000,21-30-109-038-0000

ASK ABOUT THIS PROPERTY

Finley AskinChicago Real Estate ResourcesMore Info
606-375-5398

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Finley AskinChicago Real Estate ResourcesMore Info
606-375-5398

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.