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Doral South Condominiums 7854 S South Shore Dr 60 Unit Apartment Building $6,720,852 CAD ($112,014 CAD/Unit) Chicago, IL 60649
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 | $6,720,852 CAD | Building Class | C |
| Price Per Unit | $112,014 CAD | Lot Size | 0.57 AC |
| Sale Type | Investment | Building Size | 43,798 SF |
| No. Units | 60 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | RM-5 | ||
| Price | $6,720,852 CAD |
| Price Per Unit | $112,014 CAD |
| 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 | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $13,178 CAD | |
| Land Assessment | $3,492 CAD | Total Assessment | $16,670 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$3,492 CAD
Improvements Assessment
$13,178 CAD
Total Assessment
$16,670 CAD
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Doral South Condominiums | 7854 S South Shore Dr
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