7846 S South Shore Dr - Apartments FOR SALE


Chicago, IL 60649- South Shore
$5,200,000 USD
773-799-9298
7846 S South Shore Dr, Chicago, IL for Sale
$5,200,000 USD
Apartments - FOR SALE
1/1
null | 8.66% Cap Rate

7846 S South Shore Dr
Chicago, IL 60649
South Shore


HIGHLIGHTS

  • SOUTH SHORE DRIVE LOCATION
  • $2MM IN RECENT RENOVATION CAPEX
  • AHSAP 35% TAX REDUCTION STATUS
  • 32-SPACE PARKING LOT
  • STEPS TO RAINBOW BEACH PARK & LAKEFRONT
  • 2 BLOCKS TO METRA TRAIN STATION (CHELTENHAM)

OVERVIEW

Apartment Investment Advisers, LLC ("AIA") has been granted the exclusive right to market and sell the subject property. AIA is a Chicago-based commercial real estate brokerage firm focused exclusively on the marketing and sale of multifamily properties throughout the Chicago metropolitan area. The firm has represented it's clients in the sale of more than 500 apartment buildings totaling in excess of 10,000 apartment units and over $1,000,000,000 in sales volume. For more information, please contact AIA: info@aia-chicago.com | aia-chicago.com | 773.799.9299

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$131 USD /SF

# OF UNITS

60

PRICE/UNIT

$86,667

CAP RATE

8.66%

% LEASED

33%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AIA /// 60 UNITS /// SOUTH SHORE

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1951

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

21-30-417-026-0000

ASK ABOUT THIS PROPERTY

Jack CassinApartment Investment Advisers, LLCMore Info
773-799-9298

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Jack CassinApartment Investment Advisers, LLCMore Info
773-799-9298

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