7854 South South Shore Drive

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Address: 7854 S South Shore Dr, Chicago, IL 60649, USA
Chicago & Midwest + Apartment Buildings
Created date: May 4, 2026
Date last updated: September 10, 2026
Price: $4,794,000Investment Analyzer NEW!
  • 60-unit elevator building
  • De-conversion opportunity
  • 13 studios, 31 one-bedroom, and 16 two-bedroom units
  • Individual electric metering
  • On-site laundry
  • Steps from Rainbow Beach and the lakefront
  • South Shore neighborhood
  • Rents below market with potential to push to market levels
  • Single ownership opportunity to improve operational efficiency
  • Paved Parking Lot

Property Description

33 Realty is pleased to present for sale, as a de-conversion opportunity, 7854 S South Shore Drive, a 60-unit elevator building located in Chicago's South Shore neighborhood. Built in 1974, the property consists of 13 studio/one-bathroom units, 31 one-bedroom/one-bathroom units, and 16 two-bedroom/two-bathroom units. Amenities include an elevator, on-site laundry, and individual electric metering. The property is situated near Rainbow Beach, offering residents convenient access to the lakefront. 7854 S South Shore Drive presents an excellent opportunity to add value by bringing the consistency and efficiency of a single ownership group to the property. With rents believed to be below market, a new owner has strong potential to push rents as units become available.
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Broker Details

Matthew Petersen
Matthew Petersen

33 Realty 269-873-6101 MLS ID: 888999

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Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $4,794,000
No. of Units: 60
Opportunity Zone: No
Price per unit: $79,900
Property Website Click Here
Address: 7854 South South Shore Drive, Chicago, IL 60649, USA
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