Property Overview

Interra Realty has been exclusively engaged to market for sale 7820 S. South Shore Drive. The subject property is a 24 unit courtyard building located on scenic South Shore Drive in Chicago's South Shore neighborhood. The building contains a combination of well appointed one and two bedroom apartments, some of which have received new in unit improvements.

Other recent improvements include a new roof layer, two new hot water boiler pumps and new windows. There is also a parking lot to the rear of the property for tenant convenience. The building is well maintained and professionally managed, offering a new investor the ability to acquire a stabilized and well occupied asset. In addition, there is an opportunity to realize enhanced value through the continuation of unit modernization allowing for increased rent levels.

Highlights

  • Prime Location on South Shore Drive
  • New Roof Layer Installed 2020
  • New Windows installed in 2021
  • Ideal Unit Mix of 1 Bedroom and 2 Bedroom Units
  • Opportunity to Add Value Through Continued In-Unit Modernization

Key Details

TRANSACTION DATE
2022
BUILDING TYPE
Multifamily
NUMBER OF UNITS
24
LOT SIZE
.23 Acres
YEAR BUILT
1966