7827 S South Shore Drive
- 50-unit Multi-Family investment opportunity on the south side of Chicago
- Value-Add Opportunity: Potential to enhance returns through unit renovations, lease-up and operational efficiencies
- Conveniently located right off Lake Shore Drive, only a few blocks from the Cheltenham/79th Street Metra Station and just under two (2) miles east of Interstate-90 (I-90)
Property Description
7827 S. South Shore Drive, know as the South Beach Apartments, is a vintage mid-rise apartment building located in Chicago's South Shore neighborhood. The four (4) story building is zoned R4 and sits on a 0.46-acre parcel. The building consists of 50 units and features a studio-heavy unit mix with 42 studio units and eight (8) 1-bed/1- bath units. The building is currently 11% occupied, featuring a compelling value-add opportunity through lease-up and operational efficiencies. The property is conveniently located directly off Shore Drive and within walking distance of Rainbow Beach/Rainbow Beach Park and the Cheltenham/79th Street Metra Station.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 50 |
| Year Built: | 1891 |
| Lot Size: | 0.46 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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