7801 S South Shore Dr Chicago, IL 60649
South Shore NeighborhoodEstimated payment $19,948/month
Highlights
- 16,875 Sq Ft lot
- 4-minute walk to Cheltenham Station
- 3-minute walk to Rainbow Beach Park
- Central Heating
About This Home
Attractive 1960's era, 32 unit brick building in great location in booming South Shore. Appealing unit mix of 5 studios, 9-1/1'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 the Metra Line (commuter rail) stop is just a short 2 block walk away. Less than 3 miles to world renowned University of Chicago, the new Obama Presidential Library, and the soon to be renovated Jackson Park Golf course, and less than 11 miles to the center of downtown Chicago. This property was in need of new management to stabilize rents, and they have just hired a new, top notch, management company.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $37,142
Year Built
- Built in 1961
Lot Details
- 0.39 Acre Lot
- Lot Dimensions are 135x125
Home Design
- Brick Exterior Construction
- Concrete Block And Stucco Construction
Interior Spaces
- 4-Story Property
Utilities
- Window Unit Cooling System
- Central Heating
Community Details
Overview
- 32 Units
Building Details
- Electric Expense $7,150
- Fuel Expense $17,221
- Insurance Expense $14,398
- Maintenance Expense $3,948
- Manager Expense $19,010
- Other Expense $14,825
- Trash Expense $3,510
- Water Sewer Expense $15,096
- Operating Expense $179,246
- Gross Income $417,816
- Net Operating Income $228,014
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/25/2025 07/25/25 | For Sale | $3,099,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12429665
APN: 21304150280000
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