Essex Realty Group, Inc. is proud to present our exclusive engagement to market the sale of 7700 S. South Shore Drive, a 27 unit multi-family property located in Chicago’s South Shore neighborhood.
Built in 1962, building is known as a 4+1 and has nine (9) 2- bed 2-bath, nine (9) 2-bed 1-bath, five (5) 1 – bed 1 bath, and four studio apartments.
The subject property needs repair to elevator and roof.
The South Shore neighborhood is located less than 3 miles from the University of Chicago. The Subject Property is located 0.3 miles from the 79th St. Metra station (ME) and 0.5 miles from the Windsor Park Metra station (ME). It’s proximity to Lake Shore Drive and makes this
neighborhood accessible, easy to navigate, and a very attractive rental area for
prospective tenants. South Shore remains one of the most densely populated
neighborhoods on the South Side
- 27 Unit building across from Rainbow Beach
- 4+1 Building with parking
- Value Add Opportunity
- STABILIZED CAP RATE 13.01%
- STABILIZED GRM 6.34
- 18 2-bedroom units
- 0.3 miles to 79th St Metra station (ME)