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7801 South Shore Dr Chicago, IL 60649

For Sale
$2,895,000

Commercial Sale - Chicago, IL

Days on Market:
17
Last Refresh:
Dec 10 at 4:06 am

Property Features for 7801 South Shore Dr

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
21304150280000

Utilities

Cooling system
Multi Units, Window Unit(s)

Building Details

Year built
1961
Number of units
32
Architectural style
Other

Pearson Group LLC (773) 325-2800 [email protected]

Listing agent David McLennan (773) 325-2800 License #475165323

Listing date Nov 24, 2025

MLS# 12429665 Listing URL

Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Overview

Chicago Multifamily Building Near Lake

This is an attractive 32-unit brick building constructed in the 1960s, situated in the South Shore neighborhood. The unit mix includes 4 studios, 10 one-bedroom/one-bathroom units, 15 two-bedroom/one-bathroom units, and 3 three-bedroom/one-bathroom units. Renovations have been completed within the last 5-8 years, including the roof, porches, masonry/tuckpointing, and electrical systems. Each unit features updated bathrooms and kitchens from the same period. The building includes a laundry area in the basement and outdoor parking in the rear for 16-20 cars. The property is located half a block from Rainbow Beach Park and Rainbow Beach on Lake Michigan. Public transportation is readily accessible, with CTA bus routes 26, 6, 71, and N5 serving the location with north and south bound stops at 78th and S. South Shore Dr. It is also a short 2 block walk to the Metra Line (commuter rail) stop. The property is less than 3 miles from the University of Chicago, the Obama Presidential Library, and the Jackson Park Golf course. Additionally, it is 9 blocks from the future Illinois Quantum and Microelectronics Park, and less than 11 miles from downtown Chicago. New property management is in place working to stabilize rents. There is an assumable loan in place that will not adjust until 12-1-28, at which time it will float off SOFR.
Location Intelligence

Current Use by Public Records

Seniorlife Insurance Agency

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.5510817
Latitude
41.7552541

FAQs

What type of property is this?
Apartment building - 32-unit building near Rainbow Beach and public transportation.
Where is this apartment building located?
The property is located at 7801 South Shore Dr Chicago, IL.
What is the asking price?
The asking price for this property is $2,895,000.
What are key features of this property?
This property features: - Assumable loan in place with an attractive rate that will not adjust until 12-1-28.; - Prime location in the booming South Shore neighborhood, close to Rainbow Beach Park and Lake Michigan.; - Proximity to transportation: CTA bus lines and a short walk to the Metra commuter rail.
More about this property
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