50-Unit Apartment
For Sale
Contact for pricing
7827 S South Shore Drive, Chicago, IL 60649
Vintage four-story, R4 apartment building with 50 units and a studio-heavy mix currently operating at 11% occupancy.
Lot Size0.46 Acres
Days on Market78
Property Features for 7827 S South Shore Drive
General Information
Standard status
Active
Lot size
0.46 Acres
Property subtype
Multifamily
Zoning
R4
Occupancy
11%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
50
Building Details
Year Built
1891
Stories
4
Tenancy
Multi
Listing Agency:
Frontline Real Estate Partners, LLC
(847) 542-9058
Listed By:
Matthew Tarshis · License #475156642
(847) 542-9058
Source:
Frontlinerepartners
Added: May 14
Changed: Jul 21
Last Checked: Jul 22 at 3:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Frontline Real Estate Partners, LLC
Investment Insights
Based on property information with market context.
7827 S. South Shore Drive, known as South Beach Apartments, is a vintage four-story multifamily building on a 0.46-acre parcel, zoned R4. The property contains 50 units with a studio-heavy mix: 42 studios and eight 1-bed/1-bath apartments.
The building is located directly off Shore Drive in Chicago’s South Shore neighborhood, within walking distance of Rainbow Beach and Rainbow Beach Park, as well as the Cheltenham/79th Street Metra Station. The property is also described as just under two miles east of Interstate-90, supporting straightforward regional access. Current occupancy is stated at 11%, with lease-up and operational efficiencies identified as key drivers for improving performance.
The building is located directly off Shore Drive in Chicago’s South Shore neighborhood, within walking distance of Rainbow Beach and Rainbow Beach Park, as well as the Cheltenham/79th Street Metra Station. The property is also described as just under two miles east of Interstate-90, supporting straightforward regional access. Current occupancy is stated at 11%, with lease-up and operational efficiencies identified as key drivers for improving performance.
Key Highlights
- Vintage 4‑story R4 apartment building built in 1891
- 50 total units: 42 studios and 8 one‑bedroom/one‑bath units
- Sits on a 0.46‑acre parcel
Property Analytics
Current Use
Lease Details
50
Residential units
11%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
Explore this area
Business Placement
Demographics for 60649, IL
48,171
Population
28,249
Households
1.7
Avg Household Size
39
Median Age
25%
College-Educated
89%
High-School Grad
3.6 sq mi
ZIP Area
13,381
Density / Sq Mi
$40,142
Median Household Income
$36,474
Median Earnings
$1,066
Median Rent
$199,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Vintage four-story, R4 apartment building with 50 units and a studio-heavy mix currently operating at 11% occupancy.
Where is this apartment building located?
The property is located at 7827 S South Shore Drive Chicago, IL.
What are key features of this property?
This property features: Vintage 4‑story R4 apartment building built in 1891; 50 total units: 42 studios and 8 one‑bedroom/one‑bath units; Sits on a 0.46‑acre parcel
