For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
The Largest CRE Database in the US with Over 1 Million Listings

7801 S South Shore Drive Chicago, IL 60649

View on Map
Loading data...
Loading data...
Loading data...
For Sale
$2,895,000

32-unit building near Lake Michigan and public transportation.

Type:Multifamily
Added:
Feb 27, 2026
Days on Market:
33
Last Refresh:
Mar 17 at 1:16 pm

Property Features for 7801 S South Shore Drive

General Information

Standard status
Active
Property subtype
Multifamily

Building Details

Year Built
1961

We can help!

Listing Contact
David McLennan
David McLennan

Listing agent David McLennan License #IL 475165323

Listing office Pearson Realty Group

Listing date Feb 27, 2026

Source Crexi

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 Pearson Realty Group


Overview

South Shore Multifamily Investment Opportunity

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. The building has undergone renovations within the last 5-8 years, including updates to the roof, porches, masonry/tuckpointing, and electrical systems. Each unit has been updated with bathroom and kitchen renovations during the same period. Laundry facilities are located in the basement area. Outdoor parking is available in the rear of the property 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 the CTA 26, 6, 71, and N5 buses serving the location with north and south bound stops at 78th and S. South Shore Dr. The Metra Line (commuter rail) stop is a short 2-block walk away. The property is less than 3 miles from the University of Chicago, the future Obama Presidential Library, and the upcoming renovated Jackson Park Golf course. It is also located 9 blocks from the future Illinois Quantum and Microelectronics Park, and less than 11 miles from downtown Chicago. New property management is in place and is working to stabilize rents. There is an assumable loan in place at an attractive rate 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 Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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 Lake Michigan and public transportation.
Where is this apartment building located?
The property is located at 7801 S 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: Attractive assumable loan in place with a fixed rate until 12‑1‑28.; Updated units with renovated baths and kitchens.; Recent significant capital improvements: roof, porches, masonry/tuckpointing, and electrical work.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message