7801 S South Shore Drive,Chicago, IL 60649
Chicago, IL 60649
Description
PRICE REDUCED for this attractive 1960's era, 32 unit brick building in great location in booming South Shore. Appealing unit mix of 4 studios, 10-1/1'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 it's just a short 2 block walk to the Metra Line (commuter rail) stop. Less than 3 miles to world renowned University of Chicago, the new Obama Presidential Library, the soon to be renovated Jackson Park Golf course, and just 9 blocks from the Campus of the soon to be built, 1 million s.f. Illinois Quantum and Microelectronics Park. Also, less than 11 miles to the center of downtown Chicago. New property management is in place and is working to stabilize rents. There is an ASSUMABLE loan in place at an attractive rate and it will not adjust until 12-1-28, at which time it will float off SOFR.
Details
| MLS # | 12579441 |
|---|---|
| Listing Type | For Sale |
| Style | Multi Family 5+ |
| Sub-Type | Resale |
| Status | Active |
| Year | 1961 |
| Days On Site | 191 |
| Listing Provided By | Pearson Realty Group | David McLennan |
Features
| Basement | Y |
|---|---|
| Story(s) | 4 |
| Units | 32 |
Interior
| Cooling | Window Unit(s) |
|---|
Exterior
| Construction Materials | Brick, Concrete |
|---|
Utilities
| Electric | Circuit Breakers |
|---|
Taxes
| Tax Year | 2023 |
|---|---|
| Tax Annual Amount | 39110 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60649 |
| Area | CHI South Shore |
| Listing VS Median (in 60649) | |
Price: $2,895,000 low | high Med: $88,750 On site: 191 low | high Med: 46.5 | |
Market Activity 60649
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60649 |
| Area | CHI South Shore |
| Listing VS Median (in 60649) | |
Price: $2,895,000 low | high Med: $88,750 On site: 191 low | high Med: 46.5 | |
