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7822-7824 S South Shore Dr 24 Unit Apartment Building $2,075,000 ($86,458/Unit) 11.12% Cap Rate Chicago, IL 60649

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Executive Summary

Safdie Realty Group has been retained on an exclusive basis to arrange for the sale of 100% of the Membership Interests of a Limited Liability Company that owns the real property located at 7822-7824 S. South Shore Drive, Chicago, IL ("Real Property"). This sale is not for the direct fee simple ownership of the Real Property itself.
The Real Property is a multifamily apartment building comprising a total of 24 units.
A data box of further information/documentation is available upon request and signed NDA.
Bidder Registration Deadline: February 20th, 2026
Auction Date: February 26, 2026, 9:00am ET

For more information reach out directly:
Roni Yaghoobzar
(516) 469-0773
Roni@safdierealtygroup.com

Property Facts

Price $2,075,000
Price Per Unit $86,458
Sale Type Investment
Cap Rate 11.12%
Sale Conditions
Distress Sale
  • REO Sale
No. Units 24
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.45 AC
Building Size 26,229 SF
No. Stories 3
Year Built 1964
Parking Ratio 0.53/1,000 SF
Zoning RM5 - Residential Multi-Unit District

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Disposal
  • Fireplace
  • Storage Space
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Heating
  • Tile Floors
  • Double Vanities
  • Eat-in Kitchen
  • Kitchen
  • Granite Countertops
  • Hardwood Floors
  • Vaulted Ceiling
  • High Speed Internet Access
  • Ice Maker
  • Refrigerator
  • Satellite TV
  • Oven
  • Sprinkler System
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Sunroom
  • Surround Sound
  • Views
  • Walk-In Closets
  • Wi-Fi
  • Grill
  • Basement
  • Deck
  • Den
  • Dining Room
  • Double Pane Windows
  • Family Room
  • Framed Mirrors
  • Freezer
  • Garden
  • Instant Hot Water
  • Intercom
  • Island Kitchen
  • Lawn
  • Linen Closet
  • Loft Layout
  • Office
  • Pantry
  • Patio
  • Porch
  • Recreation Room
  • Skylights
  • Trash Compactor
  • Vacuum System
  • Vinyl Flooring
  • Warming Drawer
  • Wheelchair Accessible (Rooms)
  • Large Bedrooms
  • Quartz Countertops
  • Floor to Ceiling Windows

Site Amenities

  • Private Bathroom

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 12 - -

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 21-30-414-035-0000
  • 21-30-414-034-0000
Land Assessment
$25,000
Improvements Assessment
$179,800
Total Assessment
$204,800
  • Listing ID: 39051605

  • Date on Market: 1/12/2026

  • Last Updated:

  • Address: 7822-7824 S South Shore Dr, Chicago, IL 60649

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