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32-Unit Brick Apartment Building
For Sale
$2,895,000

7801 South Shore Drive, Chicago, IL 60649

MULTI_FAMILY - Chicago, IL

Property SizeContact for details
Lot Size0.39 Acres
Days on Market164

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 Bedroom 45, Bedroom 42, Bathroom 2, Bathroom 11, Bathroom 16, Bathroom 5, Bathroom 21, Bedroom 39, Bedroom 44, Bedroom 40, Bathroom 30, Bedroom 36, Bedroom 7, Bedroom 17, Bathroom 25, Bathroom 12, Basement, Bathroom 29, Bedroom 32, Bedroom 26, Bedroom 41, Bedroom 21, Bedroom 27, Bedroom 4, Bedroom 46, Bathroom 4, Bathroom 19, Bedroom 13, Bedroom 49, Bathroom 3, Bathroom 8, Bedroom 22, Bedroom 6, Bathroom 22, Bedroom 25, Bedroom 37, Bedroom 5, Bathroom 17, Bathroom 27, Bathroom 31, Bathroom 24, Bathroom 32, Bathroom 20, Bedroom 31, Bathroom 10, Bedroom 23, Bedroom 16, Bedroom 34, Bedroom 47, Bedroom 2, Bedroom 9, Bedroom 28, Bedroom 15, Bedroom 24, Bedroom 38, Bathroom 23, Bedroom 1, Bedroom 35, Bathroom 1, Bathroom 7, Bedroom 43, Bedroom 20, Bedroom 10, Bathroom 9, Bathroom 28, Bedroom 18, Bathroom 15, Bedroom 30, Bedroom 11, Bedroom 19, Bathroom 14, Bedroom 33, Bedroom 8, Bedroom 29, Bathroom 18, Bedroom 14, Bedroom 3, Bathroom 26, Bedroom 48, Bathroom 6, Bedroom 12, Bathroom 13
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
Listed By: David McLennan · License #475165323
Added: Feb 27 Changed: Aug 1 Last Checked: Aug 10 at 3:06AM
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 brick apartment building was built in 1961 and features window unit cooling. Updates include bath and kitchen renovations for every unit, completed during the same period as roof, porches, masonry/tuckpointing, and electrical work, all within the last 5-8 years. Residents also have basement laundry, and the property provides outdoor parking in the rear for 16-20 cars.

Set in Chicago’s South Shore area, the building is about 1/2 block from Rainbow Beach Park and Rainbow Beach on the shore of Lake Michigan. Public transportation is readily accessible, with CTA bus service (26, 6, 71, and N5) serving nearby stops at 78th and S. South Shore Dr. The Metra Line commuter rail stop is about a 2-block walk.

The unit mix includes 4 studios, 10-1/1’s, 15-2/1’s, and 3-3/1’s, supporting a range of household sizes.

Key Highlights

  • 32‑unit brick apartment building built in 1961
  • 0.3874‑acre lot
  • Roof, porches, masonry/tuckpointing, and electrical work completed within last 5‑8 years

Property Analytics

Current Use

Seniorlife Insurance Agency

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Pharmacy Building Supply (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

32
Residential units

Location Intelligence

Trade Area within ½ mile

546
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Built in 1961 with basement laundry, window AC, and rear outdoor parking for 16-20 cars.
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 built in 1961; 0.3874‑acre lot; Roof, porches, masonry/tuckpointing, and electrical work completed within last 5‑8 years
More about this property
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