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7456 S Shore Dr 76 Unit Apartment Building $2,100,000 ($27,632/Unit) Chicago, IL 60649
INVESTMENT HIGHLIGHTS
- METRA STOP: Cheltenham Metra stops
- Rainbow Beach and South Shore Dr
- Vacant Building - Value Add
- Within a 45 drive from Midway Airport
- South Shore Neighborhood
- Opportunity Zone deal
EXECUTIVE SUMMARY
7456 S South Shore Dr is located in Chicago's vibrant South Shore neighborhood, nestled along the city's southern lakefront. Known for its rich cultural offerings, stunning architecture, and proximity to Lake Michigan, South Shore offers residents a unique blend of urban amenities and natural beauty. Once a bustling resort destination, South Shore retains its charm with a pristine stretch of lakefront, including one of the city's largest beaches at Rainbow Beach Park. Beyond the waterfront, residents can explore cultural gems like the Stony Island Arts Bank, the Bronzeville Children's Museum, and the historic South Shore Cultural Center. Architecture enthusiasts will marvel at the diverse residential styles found in Jackson Park Highlands, including a notable Prairie-style home designed by Frank Lloyd Wright's protege. Meanwhile, foodies can indulge in a culinary journey through South Shore's eclectic dining scene, featuring everything from soulful vegan cuisine at Majani to Caribbean-inspired fare at 14 Parish. With easy access to Downtown Chicago via Lake Shore Drive and public transit options like the CTA buses and Metra railway, South Shore offers the perfect balance of urban convenience and lakeside tranquility. Whether you're lounging on the beach, exploring cultural landmarks, or savoring a delicious meal, South Shore invites you to experience the best of Chicago living.
PROPERTY FACTS Under Contract
| Price | $2,100,000 | Building Class | C |
| Price Per Unit | $27,632 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 77,000 SF |
| No. Units | 76 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 7 |
| Property Subtype | Apartment | Year Built | 1928 |
| Apartment Style | Mid-Rise | ||
| Zoning | RM 6 - Residential Multi-Unit District | ||
| Price | $2,100,000 |
| Price Per Unit | $27,632 |
| Sale Type | Investment |
| No. Units | 76 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 77,000 SF |
| Average Occupancy | 100% |
| No. Stories | 7 |
| Year Built | 1928 |
| Zoning | RM 6 - Residential Multi-Unit District |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Pet Play Area
- Elevator
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 64 | - | 500 |
| 1+1 | 12 | - | 600 |
1 1
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 21-30-122-031-0000 | Improvements Assessment | $402,675 |
| Land Assessment | $12,625 | Total Assessment | $415,300 |
PROPERTY TAXES
Parcel Number
21-30-122-031-0000
Land Assessment
$12,625
Improvements Assessment
$402,675
Total Assessment
$415,300
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7456 S Shore Dr
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