South Shore Multifamily Investment
7801 South Shore Drive Chicago, IL 60649
7801 South Shore Drive, Chicago, IL, 60649
$2,895,000
For Sale
$2,895,000
MULTI_FAMILY - Chicago, IL
Lot Size0.39 Acres
Days on Market145
Property Features for 7801 South Shore Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 49
- Bathrooms
- 32
- Rooms
- Bathroom 2, Bedroom 47, Bathroom 12, Bedroom 15, Bedroom 14, Bedroom 40, Bathroom 1, Bedroom 3, Bathroom 30, Bedroom 38, Bedroom 25, Bedroom 44, Bedroom 45, Bathroom 16, Bathroom 23, Bedroom 41, Bathroom 31, Bedroom 5, Bedroom 17, Bedroom 27, Bedroom 4, Bedroom 29, Bathroom 32, Bathroom 21, Bedroom 12, Bedroom 23, Bathroom 13, Bedroom 8, Bedroom 39, Bathroom 22, Bedroom 11, Bedroom 1, Bathroom 5, Bathroom 28, Bedroom 36, Bedroom 20, Bedroom 43, Bedroom 16, Bedroom 30, Bedroom 31, Bathroom 18, Bathroom 8, Bedroom 10, Bedroom 48, Bedroom 7, Bathroom 17, Bathroom 7, Bedroom 34, Bathroom 6, Bedroom 6, Bedroom 28, Bedroom 9, Bedroom 24, Bathroom 15, Bathroom 20, Bedroom 2, Bathroom 25, Bathroom 4, Bedroom 33, Bedroom 18, Bedroom 46, Bedroom 21, Bathroom 11, Bathroom 10, Bathroom 14, Bedroom 32, Bathroom 29, Bathroom 27, Bathroom 26, Basement, Bedroom 42, Bedroom 13, Bathroom 19, Bathroom 24, Bedroom 26, Bedroom 35, Bedroom 37, Bathroom 3, Bathroom 9, Bedroom 49, Bedroom 22, Bedroom 19
- Basement
- Finished
- Standard status
- Active
- APN
- 21304150280000
- Lot size
- 0.39 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 39110
Utilities
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1961
- Floors in Building
- 4
- Number of units
- 32
- Building materials
- Brick, Concrete
Listing agency
Pearson Realty Group
(773) 325-2800
Listed by
David McLennan · License #475165323
(773) 325-2800
Added: Feb 27 Updated: Jul 13 at 4:44PM Checked: Jul 22 at 8:06PM
MLS# 12579441
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
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 has been updated with bathroom and kitchen renovations during the same period. The building includes laundry facilities in the basement area and outdoor parking in the rear for 16-20 cars. The property is located a half-block from Rainbow Beach Park and Rainbow Beach on Lake Michigan. Public transportation is readily accessible, with the CTA 26, 6, 71, and N5 buses 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 new Obama Presidential Library, and the soon-to-be-renovated Jackson Park Golf course. Additionally, it is just 9 blocks from the campus of the soon-to-be-built, 1 million s.f. Illinois Quantum and Microelectronics Park and less than 11 miles to downtown Chicago. The lot size is 0.3874 acres. There is an assumable loan in place that will not adjust until 12-1-28, at which time it will float off SOFR.
Key Highlights
- 32‑unit brick building built in 1961 with a unit mix of 4 studios, 10 1BR/1BA, 15 2BR/1BA, and 3 3BR/1BA
- Within last 5–8 years: roof, porches, masonry/tuckpointing, and electrical work completed, with bath and kitchen renovations in every unit
- Laundry in basement and outdoor rear parking for 16–20 cars
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Seniorlife
Insurance Agency
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FAQs
What type of property is this?
Apartment building - 32-unit building near Lake Michigan and upcoming developments.
Where is this apartment building located?
The property is located at 7801 South Shore Drive 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: 32‑unit brick building built in 1961 with a unit mix of 4 studios, 10 1BR/1BA, 15 2BR/1BA, and 3 3BR/1BA; Within last 5–8 years: roof, porches, masonry/tuckpointing, and electrical work completed, with bath and kitchen renovations in every unit; Laundry in basement and outdoor rear parking for 16–20 cars
