60-Unit Elevator Apartment
7854 South South Shore Drive Chicago, IL 60649
For Sale
$5,000,000
Built in 1974 with an elevator, on-site laundry, and individual electric metering for 60 units.
Days on Market72
Property Features for 7854 South South Shore Drive
General Information
- Standard status
- Active
- Property subtype
- Multi-Family
Listing Agency:
33 Realty
Listed By:
Matthew Petersen
Source:
Commercialcafe
Added: May 14
Changed: Jul 21
Last Checked: Jul 24 at 5:16AM
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 33 Realty
Investment Insights
Based on property information with market context.
7854 S South Shore Drive is a 60-unit, elevator apartment building built in 1974 and offered for sale as a de-conversion opportunity. The unit mix includes 13 studio/1-bath apartments, 31 one-bedroom/1-bath apartments, and 16 two-bedroom/2-bath apartments. On-site amenities include an elevator and on-site laundry, and each unit has individual electric metering.
The property is located near Rainbow Beach and within the South Shore neighborhood of Chicago, which is described as a lakefront community with transit access including the South Shore Metra and Windsor Park Metra, as well as bus service and close access to Lake Shore Drive.
For ownership structure, the listing notes the opportunity to bring the building under single ownership, with rents believed to be below market and additional consistency as units become available.
The property is located near Rainbow Beach and within the South Shore neighborhood of Chicago, which is described as a lakefront community with transit access including the South Shore Metra and Windsor Park Metra, as well as bus service and close access to Lake Shore Drive.
For ownership structure, the listing notes the opportunity to bring the building under single ownership, with rents believed to be below market and additional consistency as units become available.
Key Highlights
- 60‑unit elevator building built in 1974 in Chicago’s South Shore neighborhood
- Unit mix includes 13 studio/1‑bath, 31 1‑bedroom/1‑bath, and 16 2‑bedroom/2‑bath units
- On‑site laundry and elevator in the building
Property Analytics
Location Intelligence
Current Use by Public Records
Doral South Condo ...
Condominium Complex
FAQs
What type of property is this?
Apartment building - Built in 1974 with an elevator, on-site laundry, and individual electric metering for 60 units.
Where is this apartment building located?
The property is located at 7854 South South Shore Drive Chicago, IL.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 60‑unit elevator building built in 1974 in Chicago’s South Shore neighborhood; Unit mix includes 13 studio/1‑bath, 31 1‑bedroom/1‑bath, and 16 2‑bedroom/2‑bath units; On‑site laundry and elevator in the building
