Chicago, IL 60649,7801 S South Shore DR
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Chicago, IL 60649,7801 S South Shore DR
Chicago, IL 60649,7801 S South Shore DR
Chicago, IL 60649,7801 S South Shore DR
Chicago, IL 60649,7801 S South Shore DR
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$ 2,895,000
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Price Dropped by $204K

7801 S South Shore DR Chicago, IL 60649


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12429665

Maintenance Fees $3,948

Year Built 1961

Annual Tax Amount $39,110

Tax Year 2023

Lot Dimensions 135X125

Property Sub-Type Multi Family 5+

Property Description

PRICE REDUCED for this attractive 1960's era, 32 unit brick building in great location in booming South Shore. Appealing unit mix of 4 studios, 10-1/1's, 15-2/1's and 3-3/1's. Roof, Porches, Masonry/Tuckpointing, and Electrical work done within last 5-8 yrs. Every unit updated with Bath and Kitchen reno during same period. Laundry in basement area and outdoor parking in rear for 16-20 cars. Located 1/2 block from Rainbow Beach Park and Rainbow Beach on the shore of beautiful Lake Michigan. The CTA 26, 6, 71, and N5 buses serve this location with both north and south bound stops at 78th and S. South Shore Dr, and it's just a short 2 block walk to the Metra Line (commuter rail) stop. Less than 3 miles to world renowned University of Chicago, the new Obama Presidential Library, the soon to be renovated Jackson Park Golf course, and just 9 blocks from the Campus of the soon to be built, 1 million s.f. Illinois Quantum and Microelectronics Park. Also, less than 11 miles to the center of downtown Chicago. New property management is in place and is working to stabilize rents. There is an ASSUMABLE loan in place at an attractive rate and it will not adjust until 12-1-28, at which time it will float off SOFR.

Location

State IL

County Cook

Area Chi - South Shore

Rooms

Basement Finished

Interior

Cooling Window Unit(s)

Fireplace N

Building

Dwelling Type Multi Family 5+

Structure Type Brick,Concrete


Midwest Real Estate Data (MRED) IDX
Listed by David McLennan of  Pearson Realty Group 
Eric Marcus

Eric Marcus

Broker

+1(773) 732-9898

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7801 S South Shore DR