32-Unit Brick Apartment
For Sale
$2,895,000
7801 South Shore Drive, Chicago, IL 60649
Commercial Sale, Chicago, IL
Property SizeContact for details
Lot Size0.39 Acres
Days on Market211
Property Features for 7801 South Shore Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
49
Bathrooms
32
Full bathrooms
32
Rooms
Bathroom 20, Bedroom 17, Bathroom 17, Bedroom 12, Bedroom 13, Bedroom 40, Bathroom 15, Bedroom 48, Bathroom 31, Bathroom 19, Bathroom 29, Bedroom 8, Bedroom 36, Bedroom 43, Bedroom 28, Bathroom 21, Bedroom 26, Bedroom 27, Bathroom 30, Bedroom 46, Bedroom 29, Bedroom 1, Bedroom 11, Bathroom 25, Bathroom 1, Bedroom 23, Bedroom 45, Bathroom 4, Bathroom 22, Bedroom 21, Bedroom 42, Bedroom 20, Bathroom 12, Bedroom 7, Bedroom 15, Bathroom 6, Bathroom 26, Bedroom 33, Bedroom 31, Bedroom 25, Bedroom 22, Bedroom 37, Bedroom 2, Bedroom 6, Bathroom 5, Bedroom 19, Bedroom 14, Bathroom 13, Bedroom 35, Bedroom 41, Basement, Bedroom 47, Bathroom 9, Bathroom 3, Bathroom 24, Bedroom 49, Bathroom 10, Bathroom 11, Bedroom 32, Bedroom 5, Bedroom 44, Bathroom 14, Bathroom 18, Bedroom 38, Bedroom 16, Bathroom 2, Bedroom 39, Bedroom 9, Bedroom 30, Bathroom 23, Bedroom 4, Bathroom 27, Bathroom 8, Bathroom 16, Bathroom 28, Bathroom 32, Bedroom 3, Bedroom 34, Bathroom 7, Bedroom 10, Bedroom 24, Bedroom 18
Basement
Finished
Directions
north or south on S. South Shore Drive to 78th St. Property is on the SE corner of 78th and S. South Shore Drive.
Subdivision
CHI - South Shore
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)
Amenities
laundry
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
(312) 925-7938
Added: Feb 27
Changed: Sep 25
Last Checked: Sep 26 at 4:06AM
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 32-unit apartment property is a brick building constructed in 1961, with a unit mix comprising 4 studios, 10 one-bedroom units, 15 two-bedroom units, and 3 three-bedroom units. Each apartment received kitchen and bathroom updates during the same period that roof, porch, masonry and tuckpointing, and electrical improvements were completed. Window unit cooling, basement laundry facilities, and rear outdoor parking are also in place.
The property occupies 0.3874 acres at 7801 South Shore Drive in Chicago. Rainbow Beach Park and Rainbow Beach on Lake Michigan are located one-half block away. CTA bus routes 26, 6, 71, and N5 serve the area, with stops at 78th and South Shore Drive, while the Metra commuter rail station is approximately two blocks away. The property is less than 3 miles from the University of Chicago and less than 11 miles from downtown Chicago.
The property occupies 0.3874 acres at 7801 South Shore Drive in Chicago. Rainbow Beach Park and Rainbow Beach on Lake Michigan are located one-half block away. CTA bus routes 26, 6, 71, and N5 serve the area, with stops at 78th and South Shore Drive, while the Metra commuter rail station is approximately two blocks away. The property is less than 3 miles from the University of Chicago and less than 11 miles from downtown Chicago.
Key Highlights
- 32‑unit brick apartment building on 0.3874 acres
- Unit mix includes 4 studios, 10 1/1's, 15 2/1's and 3 3/1's
- Roof, porches, masonry/tuckpointing, and electrical work completed within last 5‑8 yrs
Property Analytics
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Current Use
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated kitchens and bathrooms, basement laundry, and rear parking support multifamily operations.
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 apartment building on 0.3874 acres; Unit mix includes 4 studios, 10 1/1's, 15 2/1's and 3 3/1's; Roof, porches, masonry/tuckpointing, and electrical work completed within last 5‑8 yrs
