31 Unit Portfolio on 7337 S South Drive Multi-Family FOR SALE


Chicago, IL - South Shore
$3,250,000 USD
312-618-3698
, Chicago, IL for Sale
$3,250,000 USD
Multi-Family - FOR SALE
1/11
null | 8.38% Cap Rate

31 Unit Portfolio on 7337 S South Drive
Chicago, IL
South Shore


HIGHLIGHTS

  • Amenity-rich building: gym, spa, playground, storage, onsite laundry and refuse chute on each floor
  • Lakefront views and walking distance to South Shore Cultural Center & Beach
  • Easy access to Metra Electric Line, Lake Shore Drive, and Downtown Chicago
  • Surrounded by new development and ongoing neighborhood revitalization
  • 16 units leased, 15 units ready for renovation and lease up for income growth

OVERVIEW

Presenting a rare investment opportunity along Chicago’s scenic South Shore. This 31-unit condo portfolio combines steady in-place income with strong upside potential. Located directly across from Lake Michigan, residents enjoy beautiful lakefront views and convenient access to nearby beaches, parks, and cultural destinations. The property offers highly desirable amenities, including a fitness center, spa, playground, onsite laundry, storage, and more. With 50% of units currently occupied, investors can step into immediate cash flow while renovating and leasing the remaining units to further enhance returns. This portfolio is well-positioned for long-term value growth in one of Chicago’s most dynamic neighborhoods. **Proforma NOI and Cap Rate being used in analysis.

ASK ABOUT THIS PROPERTY

Alexandra NawrockieXp CommercialMore Info
312-618-3698

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Alexandra NawrockieXp CommercialMore Info
312-618-3698

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