32-Unit Brick Apartment
For Sale
$2,895,000
7801 S South Shore Drive, Chicago, IL 60649
All residences received kitchen and bathroom renovations, with shared laundry facilities in the basement.
Property SizeContact for details
Days on Market239
Property Features for 7801 S South Shore Drive
General Information
Standard status
Active
Total Parking Spaces
20
Property subtype
Commercial
Site & Location
Neighborhood
South Shore
Public Transit
Yes
Units
Unit Mix
4 x studio, 10 x 1BR/1BA, 15 x 2BR/1BA, 3 x 3BR/1BA
Multifamily Units
32
Taxes and HOA fees
Annual Taxes
$39,110
Amenities
laundry
Building Details
Year Built
1961
Buildings
1
Stories
4
Units
32
Construction
brick
Listing Agency:
Pearson Realty Group
Listed By:
David McLennan · License #475165323
(773) 325-2800
Source:
Fishmangroup
Added: Feb 27
Changed: Oct 23
Last Checked: Oct 23 at 5:57PM
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
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Investment Insights
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This 32-unit brick apartment building was constructed in 1961 and contains four studios, 10 one-bedroom/one-bathroom units, 15 two-bedroom/one-bathroom units, and three three-bedroom/one-bathroom units. Each residence had kitchen and bathroom renovations. Work on the roof, porches, masonry and electrical systems was completed within the past 5–8 years. Basement laundry and rear parking for 16–20 vehicles serve the property.
Rainbow Beach Park and the Lake Michigan shoreline are about half a block away. CTA routes 26, 6, 71 and N5 serve the area, with the Metra station roughly two blocks from the building. The property is less than 3 miles from the University of Chicago and about 9 blocks from the planned Illinois Quantum and Microelectronics Park. Downtown Chicago is less than 11 miles away.
Rainbow Beach Park and the Lake Michigan shoreline are about half a block away. CTA routes 26, 6, 71 and N5 serve the area, with the Metra station roughly two blocks from the building. The property is less than 3 miles from the University of Chicago and about 9 blocks from the planned Illinois Quantum and Microelectronics Park. Downtown Chicago is less than 11 miles away.
Key Highlights
- 32 apartments: 4 studios, 10 one‑bedroom/one‑bathroom, 15 two‑bedroom/one‑bathroom and 3 three‑bedroom/one‑bathroom units
- Kitchen and bathroom renovations completed in every apartment
- Roof, porch, masonry and electrical work completed within the past 5–8 years
Property Analytics
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Lease Details
32
Residential units
Location Intelligence
Trade Area within ½ mile
546
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - All residences received kitchen and bathroom renovations, with shared laundry facilities in the basement.
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: 32 apartments: 4 studios, 10 one‑bedroom/one‑bathroom, 15 two‑bedroom/one‑bathroom and 3 three‑bedroom/one‑bathroom units; Kitchen and bathroom renovations completed in every apartment; Roof, porch, masonry and electrical work completed within the past 5–8 years
