32-Unit Brick Apartment
For Sale
Under Contract
$2,895,000
7801 South Shore Drive, Chicago, IL 60649
Commercial Sale, Chicago, IL
Property SizeContact for details
Lot Size0.39 Acres
Days on Market225
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 18, Bedroom 44, Bedroom 29, Bedroom 37, Bedroom 46, Bedroom 41, Bedroom 10, Bedroom 47, Bedroom 13, Bedroom 3, Bedroom 43, Bedroom 45, Bathroom 12, Bathroom 6, Bedroom 11, Bathroom 30, Bedroom 26, Bathroom 32, Bathroom 26, Bathroom 13, Bedroom 25, Bedroom 32, Bathroom 7, Bathroom 29, Bedroom 27, Bedroom 14, Bedroom 38, Bathroom 18, Bathroom 23, Basement, Bedroom 16, Bedroom 9, Bedroom 49, Bathroom 25, Bedroom 19, Bathroom 24, Bedroom 40, Bedroom 17, Bedroom 22, Bathroom 16, Bedroom 21, Bedroom 12, Bedroom 15, Bedroom 31, Bedroom 23, Bedroom 42, Bedroom 6, Bathroom 5, Bedroom 28, Bathroom 19, Bathroom 11, Bedroom 33, Bedroom 2, Bathroom 31, Bedroom 30, Bedroom 20, Bedroom 39, Bedroom 5, Bedroom 36, Bedroom 7, Bathroom 14, Bathroom 21, Bathroom 28, Bathroom 10, Bathroom 1, Bedroom 4, Bathroom 2, Bathroom 20, Bedroom 8, Bathroom 4, Bathroom 8, Bathroom 15, Bathroom 27, Bedroom 35, Bathroom 9, Bedroom 48, Bedroom 1, Bathroom 3, Bedroom 34, Bathroom 22, Bathroom 17, Bedroom 24
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 Under Contract
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: Oct 9
Last Checked: Oct 10 at 1:06AM
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, constructed in 1961, offers a mix of 4 studios, 10 one-bedroom/one-bathroom apartments, 15 two-bedroom/one-bathroom apartments, and 3 three-bedroom/one-bathroom apartments. Kitchens and bathrooms in every unit were renovated, and work on the roof, porches, masonry and electrical systems was completed within the past 5–8 years. Window-unit cooling is noted, along with laundry space in the basement and rear parking for 16–20 cars.
The property is one-half block from Rainbow Beach Park and Rainbow Beach along Lake Michigan. CTA bus routes 26, 6, 71 and N5 stop at 78th Street and South Shore Drive, with service in both directions; the Metra commuter rail stop is a two-block walk. The University of Chicago, planned Obama Presidential Library and Jackson Park Golf Course are each within 3 miles, while the Illinois Quantum and Microelectronics Park site is 9 blocks away. Downtown Chicago is less than 11 miles from the property.
The property is one-half block from Rainbow Beach Park and Rainbow Beach along Lake Michigan. CTA bus routes 26, 6, 71 and N5 stop at 78th Street and South Shore Drive, with service in both directions; the Metra commuter rail stop is a two-block walk. The University of Chicago, planned Obama Presidential Library and Jackson Park Golf Course are each within 3 miles, while the Illinois Quantum and Microelectronics Park site is 9 blocks away. Downtown Chicago is less than 11 miles from the property.
Key Highlights
- 32‑unit brick apartment property built in 1961
- Unit mix: 4 studios, 10 one‑bedroom/one‑bathroom, 15 two‑bedroom/one‑bathroom, and 3 three‑bedroom/one‑bathroom apartments
- Kitchens and bathrooms in all units renovated; roof, porches, masonry/tuckpointing, and electrical work completed within the past 5–8 years
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 baths, basement laundry, and rear parking serve a varied studio-to-three-bedroom unit mix.
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 property built in 1961; Unit mix: 4 studios, 10 one‑bedroom/one‑bathroom, 15 two‑bedroom/one‑bathroom, and 3 three‑bedroom/one‑bathroom apartments; Kitchens and bathrooms in all units renovated; roof, porches, masonry/tuckpointing, and electrical work completed within the past 5–8 years
