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7801 S South Shore Drive

Chicago, IL 60649
  • $3,099,000
  • STATUS: Active
  • ON SITE: 55 Days
  • MLS #: 12120478
UPDATED: 54 min ago
$3,099,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1961
County:
Area:

School Ratings & Info

Description

Attractive 1960's era, 32 unit brick building in great location in booming South Shore. Appealing unit mix of 5 studios, 9-1/1's, 15-2/1's and 3-3/1's. Roof, Porches, Masonry/Tuckpointing, and Electrical work done within last 5-8 yrs. Every unit updated with Bath and Kitchen reno during same period. Laundry in basement area and outdoor parking in rear for 16-20 cars. Located 1/2 block from Rainbow Beach Park and Rainbow Beach on the shore of beautiful Lake Michigan. The CTA 26, 6, 71, and N5 buses serve this location with both north and south bound stops at 78th and S. South Shore Dr, and the Metra Line (commuter rail) stop is just a short 2 block walk away. Less than 3 miles to world renowned University of Chicago, the new Obama Presidential Library, and the soon to be renovated Jackson Park Golf course, and less than 11 miles to the center of downtown Chicago. This property was in need of new management to stabilize rents, and they have just hired a new, top notch, management company.

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© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2024-09-19T20:01:37.903 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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7801 S South Shore Drive Chicago, IL 60649

  • Price: $3,099,000
  • Status: Active
  • On Site: 55 Days
  • Updated: 54 min ago
  • MLS #: 12120478
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1961
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
Attractive 1960's era, 32 unit brick building in great location in booming South Shore. Appealing unit mix of 5 studios, 9-1/1's, 15-2/1's and 3-3/1's. Roof, Porches, Masonry/Tuckpointing, and Electrical work done within last 5-8 yrs. Every unit updated with Bath and Kitchen reno during same period. Laundry in basement area and outdoor parking in rear for 16-20 cars. Located 1/2 block from Rainbow Beach Park and Rainbow Beach on the shore of beautiful Lake Michigan. The CTA 26, 6, 71, and N5 buses serve this location with both north and south bound stops at 78th and S. South Shore Dr, and the Metra Line (commuter rail) stop is just a short 2 block walk away. Less than 3 miles to world renowned University of Chicago, the new Obama Presidential Library, and the soon to be renovated Jackson Park Golf course, and less than 11 miles to the center of downtown Chicago. This property was in need of new management to stabilize rents, and they have just hired a new, top notch, management company.
Exterior Features

Exterior Building Type Brick Frontage Type City Street Outdoor Parking 13-18 SpacesCommon ParkingOpenPrivate LotParking On-Site

Interior Features

Basement Finished Cooling Window Unit(s) Heat Ventilation Central Bldg Heat Number Of Dryers 3 Number Of Ranges 32 Number Of Washers 3

Property Features

Additional Parcels YN No Approximate Age 36-50 Years Built Before1978 YN Yes Current Use Multi-Family Electric Circuit Breakers Fire Protection Alarm MonitoredSprinklers Gross Income 417816 Gross Scheduled Income 417816 Insurance Expense 14398 Maintenance Expense 3948 Mls Actual Status Active Net Operating Income 228014 Operating Expense 179246 Ownership Types Individual Possible Use Condominium Seller Needs Other Tax Annual Amount 37142 Tax Year 2022 Tenant Pays Electricity Total Monthly Income 34818 Type Multi Family 5+

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Pearson Realty Group: 773-325-2800.


© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Success Realty. Based on information submitted to the MRED as of 2024-09-19T20:01:37.903 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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