This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
7700 S South Shore Dr
Chicago, IL 60649
7700 South Shore Drive, Chicago, IL · Multifamily Property For Sale
·
27 Units
Property Facts
| No. Units | 27 | Building Size | 28,000 SF |
| Property Type | Multifamily | Average Occupancy | 74% |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 0.71/1,000 SF |
| Lot Size | 0.30 AC | ||
| Zoning | RM-5, Chicago | ||
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 28,000 SF |
| Average Occupancy | 74% |
| No. Stories | 5 |
| Year Built | 1962 |
| Parking Ratio | 0.71/1,000 SF |
| Zoning | RM-5, Chicago |
About 7700 S SOUTH SHORE DR , CHICAGO, IL 60649
PROPERTY OVERVIEW Essex Realty Group, Inc. is proud to present our exclusive engagement to market the sale of 7700 S. South Shore Drive, a 27 unit multi-family property located in Chicago's South Shore neighborhood. Built in 1962, building is known as a 4+1 and has nine (9) 2- bed 2- bath, nine (9) 2-bed 1-bath, five (5) 1-bed 1 bath, and four studio apartments. The subject property needs repair to elevator and roof. OPPORTUNITY (Value-ADD) This four story building has an elevator which is not working, therefore, the building's top floor is vacant resulting in only 75% occupancy. Nine units are 2 bedroom 2 bath which attracts higher paying tenants in addition to having an elevator. There are 20 parking spots and a laundry room for additional income. All units would benefit from a renovation and remodeling, the electrical panels are in the units and plumbing is mostly copper. The unit sizes are big and unit mix is diverse. The large units will attract tenants and voucher holders.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | 650 |
| 1+1 | 5 | - | 750 |
| 2+1 | 9 | - | 900 |
| 2+2 | 9 | - | 950 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $89,933 | |
| Land Assessment | $10,604 | Total Assessment | $100,537 |
Property Taxes
