Log In/Sign Up
Your email has been sent.
7854 S South Shore Dr
Chicago, IL 60649
Dorael South Condominiums · Multifamily Property For Sale
·
60 Units
Executive Summary
33 Realty is pleased to present for sale, as a de-conversion opportunity, 7854 S South Shore
Drive, a 60-unit elevator building located in Chicago's South Shore neighborhood.
Built in 1974, the property consists of 13 studio/one-bathroom units, 31 one-bedroom/one
bathroom units, and 16 two-bedroom/two-bathroom units. Amenities include an elevator, on-site
laundry, and individual electric metering. The property is situated near Rainbow Beach, offering
residents convenient access to the lakefront.
7854 S South Shore Drive presents an excellent opportunity to add value by bringing the
consistency and efficiency of a single ownership group to the property. With rents believed to be
below market, a new owner has strong potential to push rents as units become available
Drive, a 60-unit elevator building located in Chicago's South Shore neighborhood.
Built in 1974, the property consists of 13 studio/one-bathroom units, 31 one-bedroom/one
bathroom units, and 16 two-bedroom/two-bathroom units. Amenities include an elevator, on-site
laundry, and individual electric metering. The property is situated near Rainbow Beach, offering
residents convenient access to the lakefront.
7854 S South Shore Drive presents an excellent opportunity to add value by bringing the
consistency and efficiency of a single ownership group to the property. With rents believed to be
below market, a new owner has strong potential to push rents as units become available
Property Facts
| Price Per Unit | $83,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.57 AC |
| No. Units | 60 | Building Size | 43,798 SF |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 1974 |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Zoning | RM-5 | ||
| Price Per Unit | $83,333 |
| Sale Type | Investment |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.57 AC |
| Building Size | 43,798 SF |
| No. Stories | 5 |
| Year Built | 1974 |
| Opportunity Zone |
Yes |
| Zoning | RM-5 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
- Security System
- Storage Space
- Elevator
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 60 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $9,281 | |
| Land Assessment | $2,459 | Total Assessment | $11,740 |
Property Taxes
Parcel Numbers
Land Assessment
$2,459
Improvements Assessment
$9,281
Total Assessment
$11,740
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
