7827 S. South Shore Drive, know as the South Beach Apartments, is a vintage mid-rise apartment building located in Chicago's South Shore neighborhood. The four (4) story building is zoned R4 and sits on a 0.46-acre parcel. The building consists of 50 units and features a studio-heavy unit mix with 42 studio units and eight (8) 1-bed/1- bath units. The building is currently vacant, providing a compelling value-add opportunity through lease-up and operational efficiencies. The property is conveniently located directly off Shore Drive and within walking distance of Rainbow Beach/Rainbow Beach Park and the Cheltenham/79th Street Metra Station.