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31 Unit Portfolio on 7337 S South Drive 31 Flex Condos Offered at $3,767,040 CAD in Chicago, IL
INVESTMENT HIGHLIGHTS
- Amenity-rich building: gym, spa, playground, storage, onsite laundry and refuse chute on each floor
- Easy access to Metra Electric Line, Lake Shore Drive, and Downtown Chicago
- 16 units leased, 15 units ready for renovation and lease up for income growth
- Lakefront views and walking distance to South Shore Cultural Center & Beach
- Surrounded by new development and ongoing neighborhood revitalization
EXECUTIVE SUMMARY
Presenting a rare investment opportunity along Chicago’s scenic South Shore. This 31-unit condo portfolio combines steady in-place income with strong upside potential. Located directly across from Lake Michigan, residents enjoy beautiful lakefront views and convenient access to nearby beaches, parks, and cultural destinations.
The property offers highly desirable amenities, including a fitness center, spa, playground, onsite laundry, storage, and more. With 50% of units currently occupied, investors can step into immediate cash flow while renovating and leasing the remaining units to further enhance returns. This portfolio is well-positioned for long-term value growth in one of Chicago’s most dynamic neighborhoods.
**Proforma NOI and Cap Rate being used in analysis.
The property offers highly desirable amenities, including a fitness center, spa, playground, onsite laundry, storage, and more. With 50% of units currently occupied, investors can step into immediate cash flow while renovating and leasing the remaining units to further enhance returns. This portfolio is well-positioned for long-term value growth in one of Chicago’s most dynamic neighborhoods.
**Proforma NOI and Cap Rate being used in analysis.
DATA ROOM Click Here to Access
- Offering Memorandum
TAXES & OPERATING EXPENSES (PRO FORMA - 2025) Click Here to Access |
ANNUAL (CAD) |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
TAXES & OPERATING EXPENSES (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
PROPERTY FACTS
| Price | $3,767,040 CAD | Status | Active |
| Price / SF | $191.71 CAD / SF | Number of Properties | 31 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 10.09% | Total Building Size | 19,650 SF |
| Sale Type | Investment |
| Price | $3,767,040 CAD |
| Price / SF | $191.71 CAD / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 10.09% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 31 |
| Individually For Sale | 0 |
| Total Building Size | 19,650 SF |
PROPERTIES
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31 Unit Portfolio on 7337 S South Drive
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