Chicago, IL 60649 7801 S South Shore Drive
$3,099,000



34 more



































Presented By: Pearson Realty Group
Home Details
Attractive 1960's era, 32 unit brick building in great location in booming South Shore. Appealing unit mix of 5 studios, 9-1/1's, 15-2/1's and 3-3/1's. Roof, Porches, Masonry/Tuckpointing, and Electrical work done within last 5-8 yrs. Every unit updated with Bath and Kitchen reno during same period. Laundry in basement area and outdoor parking in rear for 16-20 cars. Located 1/2 block from Rainbow Beach Park and Rainbow Beach on the shore of beautiful Lake Michigan. The CTA 26, 6, 71, and N5 buses serve this location with both north and south bound stops at 78th and S. South Shore Dr, and the Metra Line (commuter rail) stop is just a short 2 block walk away. Less than 3 miles to world renowned University of Chicago, the new Obama Presidential Library, and the soon to be renovated Jackson Park Golf course, and less than 11 miles to the center of downtown Chicago. This property was in need of new management to stabilize rents, and they have just hired a new, top notch, management company.
Presented By: Pearson Realty Group
Interior Features for 7801 S South Shore Drive
Other Interior Features
BasementFinished
General for 7801 S South Shore Drive
Additional Parcels Y/NNo
Cap Rate7.36
CityChicago
Construction MaterialsBrick, Concrete
CoolingWindow Unit(s)
CountyCook
Current UseMulti-Family
Directionsnorth or south on S. South Shore Drive to 78th St. Property is on the SE corner of 78th and S. South Shore Drive.
ElectricCircuit Breakers
Electric Expense7150
Fuel Expense17221
Gross Income417816
Insurance Expense14398
Lot Size Square Feet16875
MLS AreaCHI - South Shore
MaintenanceExpense3948
ModificationTimestamp2025-06-11T22:29:01.699Z
Net Operating Income228014
Number Of Units Total32
Operating Expense179246
Property TypeCommercial Sale
Property TypeMulti Family 5+
Standard StatusActive
StatusActive
Stories4
Tax Annual Amount37142
Tax Year2022
Tenant PaysElectricity
Trash Expense3510
Water Sewer Expense15096
Year Built1961
Exterior for 7801 S South Shore Drive
Frontage TypeCity Street
Lot Dimensions135X125
Additional Details
Price History
