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7270 S South Shore Dr
Chicago, IL 60649
South Shore Drive Residences · Multifamily Property For Sale
·
53 Units
Investment Highlights
- All-Electric Building: With tenant-paid electric baseboard heating, operational costs for the owner are minimized.
- Laundry Facilities: Equipped with ten credit card operable laundry machines.
- Assumable Financing: The property benefits from an assumable loan with a balance of $3,808,690, locked in at a low 3.12% interest rate.
- Parking: The property includes 18 dedicated surface parking spaces with the potential to expand to 22.
- Elevator Service: The building is serviced by two upgraded elevators, one for passengers and one for freight.
- Prime Location: The property is situated in the vibrant South Shore neighborhood of Chicago, just a 15-minute drive from the Loop.
Property Facts
| No. Units | 53 | Building Size | 40,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1920/2018 |
| Building Class | B | Parking Ratio | 0.45/1,000 SF |
| Lot Size | 0.47 AC | ||
| Zoning | RM-6 - Residential Multi-Unit District. Mid-rise and high-rise apartment buildings. | ||
| No. Units | 53 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.47 AC |
| Building Size | 40,000 SF |
| Average Occupancy | 100% |
| No. Stories | 6 |
| Year Built/Renovated | 1920/2018 |
| Parking Ratio | 0.45/1,000 SF |
| Zoning | RM-6 - Residential Multi-Unit District. Mid-rise and high-rise apartment buildings. |
Amenities
Unit Amenities
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Property Manager on Site
- Public Transportation
Property Taxes
| Parcel Number | 21-30-107-024-0000 | Improvements Assessment | $184,237 |
| Land Assessment | $19,238 | Total Assessment | $203,475 |
Property Taxes
Parcel Number
21-30-107-024-0000
Land Assessment
$19,238
Improvements Assessment
$184,237
Total Assessment
$203,475
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