7854 S South Shore Dr - Apartments FOR SALE


Chicago, IL 60649- South Shore
$4,794,000 USD
269-873-6101
7854 S South Shore Dr, Chicago, IL for Sale
$4,794,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

7854 S South Shore Dr
Chicago, IL 60649
South Shore


OVERVIEW

33 Realty is pleased to present for sale, as a de-conversion opportunity, 7854 S South Shore Drive, a 60-unit elevator building located in Chicago's South Shore neighborhood. Built in 1974, the property consists of 13 studio/one-bathroom units, 31 one-bedroom/one bathroom units, and 16 two-bedroom/two-bathroom units. Amenities include an elevator, on-site laundry, and individual electric metering. The property is situated near Rainbow Beach, offering residents convenient access to the lakefront. 7854 S South Shore Drive presents an excellent opportunity to add value by bringing the consistency and efficiency of a single ownership group to the property. With rents believed to be below market, a new owner has strong potential to push rents as units become available

FOR SALE DETAILS

PRICE

$4,794,000 USD

PRICE/SF

$109 USD /SF

# OF UNITS

60

PRICE/UNIT

$79,900

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Doral South Condominiums

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1974

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

25,042 SF

ZONING

RM-5

APN/PARCEL ID

21-30-417-052-1001,21-30-417-052-1002,21-30-417-052-1010,21-30-417-052-1014,21-30-417-052-1015,21-30-417-052-1021,21-30-417-052-1022,21-30-417-052-1025,21-30-417-052-1045,21-30-417-052-1059

ASK ABOUT THIS PROPERTY

Matt Petersen33 RealtyMore Info
269-873-6101

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Matt Petersen33 RealtyMore Info
269-873-6101

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