Essex is pleased to close another South Shore multi-family opportunity. 7517 S. Coles is a 43 unit Multi-Family property (+ 2 non-conforming units) located in the heart of South Shore. The building rests on a 0.79 acre lot with 25 surface parking spaces. The unit mix is six (6) studio apartments, thirty-one (31) one-bedroom units, and six (6) two-bedroom units. These very large units have hardwood floors throughout, radiator heat and separate living and eating areas. Located in prime South Shore neighborhood makes this property easy to rent as it is situated near multiple modes of transportation.
The property is situated near the corner of S. Coles Ave and E. 75th St., in Chicago’s historic South Shore neighborhood. It is only a 2 minute walk to South Shore’s Rainbow Beach. Surrounded by multiple CTA bus routes, Metra Station, & iconic
highway, Lake Shore Drive, this property makes transit to downtown a breeze. The eye catching architecture of this historic area highlights the prominence of the neighborhood. Chicago’s well known landmarks are scattered around this
neighborhood drawing tourists in for a fun adventure. One of the largest science museums in the world, The Museum on Science & Industry (2. 5 miles), was the site of the 1893 World’s Columbian Exposition. South Shore encompasses Rainbow Beach, which provides access to Lake Michigan for residents and visitors alike. Jackson Park, the Museum of Science and Industry and The University of Chicago are all located within four miles of South Shore.
- 43 Units + 2 non-conforming + Parking
- Value-Add with under market rents 20-25% increase
- New Porches and New Roof Layer 2017
- Radiator heat
- 25 surface parking spaces