312-848-5765
7733 S South Shore Dr, Chicago, IL for Sale
Apartments - FOR SALE
1/16
null | 8% Cap Rate

7733 S South Shore Dr
Chicago, IL 60649
South Shore


HIGHLIGHTS

  • Strong In-Place Occupancy and Attractive Yield Profile – 8%+ Cap
  • Attractive Tax Abatements Through Affordable Housing Special Assessment Program
  • Transformational Investment Projects in the Quantum Shore Development and Obama Presidential Library
  • Attractive Demographics and Affordability Advantage
  • Significant Recent Capital Improvements with Renovated Unit Base
  • Compelling Value-Add Opportunities Across Both Assets

OVERVIEW

MMG Real Estate Advisors is pleased to present the South Shore Portfolio, a 117-unit, two-asset multifamily investment opportunity located in Chicago’s historic South Shore neighborhood. 7733 S South Dr can be purchased with 7270 S Shore Dr, or individually. Positioned just one block from the beaches of Lake Michigan and less than 15 minutes from Chicago’s central business district, the properties benefit from immediate lakefront access, strong transit connectivity, and proximity to some of the city’s most powerful long-term demand drivers. Immediately south of Hyde Park and the University of Chicago, the portfolio is uniquely positioned to capture sustained renter demand fueled by higher education, healthcare, and two of the most transformational development projects underway in Chicago: The Quantum Shore Chicago Site and the Obama Presidential Library. Combined with recent capital improvements, extremely attractive in-place yields, and clear value-add pathways, the South Shore Portfolio offers a compelling opportunity to acquire scale in a supply constrained submarket with significant economic momentum.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

65

CAP RATE

8%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1971

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,000 SF

ZONING

10

APN/PARCEL ID

21-30-413-019-0000

ASK ABOUT THIS PROPERTY

312-848-5765

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312-848-5765

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