50-Unit Apartment
7827 S South Shore Drive Chicago, IL 60649
7827 S South Shore Drive, Chicago, IL, 60649
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For Sale
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Vintage four-story, R4 apartment building with 50 units and a studio-heavy mix currently operating at 11% occupancy.
Lot Size0.46 Acres
Days on Market70
Property Features for 7827 S South Shore Drive
General Information
- Standard status
- Active
- Lot size
- 0.46 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1891
Listing agency
Frontline Real Estate Partners
(847) 542-9058
Listed by
Matthew Tarshis · License #475156642
(847) 542-9058
Source
Frontlinerepartners
Added: May 14 Updated: Jul 21 at 3:48AM Checked: Jul 21 at 3:48AM
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 Frontline Real Estate Partners
Investment Insights
Based on property information with market context.
7827 S. South Shore Drive, known as South Beach Apartments, is a vintage four-story multifamily building on a 0.46-acre parcel, zoned R4. The property contains 50 units with a studio-heavy mix: 42 studios and eight 1-bed/1-bath apartments.
The building is located directly off Shore Drive in Chicago’s South Shore neighborhood, within walking distance of Rainbow Beach and Rainbow Beach Park, as well as the Cheltenham/79th Street Metra Station. The property is also described as just under two miles east of Interstate-90, supporting straightforward regional access. Current occupancy is stated at 11%, with lease-up and operational efficiencies identified as key drivers for improving performance.
The building is located directly off Shore Drive in Chicago’s South Shore neighborhood, within walking distance of Rainbow Beach and Rainbow Beach Park, as well as the Cheltenham/79th Street Metra Station. The property is also described as just under two miles east of Interstate-90, supporting straightforward regional access. Current occupancy is stated at 11%, with lease-up and operational efficiencies identified as key drivers for improving performance.
Key Highlights
- Vintage 4‑story R4 apartment building built in 1891
- 50 total units: 42 studios and 8 one‑bedroom/one‑bath units
- Sits on a 0.46‑acre parcel
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FAQs
What type of property is this?
Apartment building - Vintage four-story, R4 apartment building with 50 units and a studio-heavy mix currently operating at 11% occupancy.
Where is this apartment building located?
The property is located at 7827 S South Shore Drive Chicago, IL.
What are key features of this property?
This property features: Vintage 4‑story R4 apartment building built in 1891; 50 total units: 42 studios and 8 one‑bedroom/one‑bath units; Sits on a 0.46‑acre parcel
