7763 S South Shore Dr - Apartments FOR SALE


Chicago, IL 60649- South Shore
$1,475,000 USD
312-477-0197
7763 S South Shore Dr, Chicago, IL for Sale
$1,475,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

7763 S South Shore Dr
Chicago, IL 60649
South Shore


HIGHLIGHTS

  • Attractive Value Add Opportunity
  • Desirable South Shore Drive Location
  • Attractive Unit Mix of 1 & 2 Bedroom Layouts

OVERVIEW

Interra Realty has been exclusively engaged to market 7763 S. South Shore Drive for sale. The subject investment property is a 22 unit, corner walk up multifamily asset located on scenic South Shore Drive, in the South Shore submarket of Chicago. The attractive unit mix at the property is comprised of large one and two bedroom floorplans. The property also features a private parking lot in the rear and on site laundry for tenant convenience. The bus stop for the South Shore Express is directly in front of the property and the property abuts Rainbow Beach and Lake Michigan. The property offers significant value add potential via in unit renovations and an opportunity to re-tenant the property as the building is currently ~50% vacant. This is a major repositioning opportunity that needs extentensive renovations. A new owner has the opportunity to capitalize on significant leasing momentum in a Chicago submarket that has experienced strong appreciation.

FOR SALE DETAILS

PRICE

$1,475,000 USD

PRICE/SF

$84 USD /SF

# OF UNITS

22

PRICE/UNIT

$67,045

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1917

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

10

APN/PARCEL ID

21-30-114-029-1144,21-30-413-015-0000

ASK ABOUT THIS PROPERTY

Lucas FrymanInterra RealtyMore Info
312-477-0197

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Lucas FrymanInterra RealtyMore Info
312-477-0197

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.