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.