Attractive 1960's era, 32 unit brick building in great location in booming South Shore. Appealing unit mix of 5 studios, 9-1/1'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 the Metra Line (commuter rail) stop is just a short 2 block walk away. Less than 3 miles to world renowned University of Chicago, the new Obama Presidential Library, and the soon to be renovated Jackson Park Golf course, and less than 11 miles to the center of downtown Chicago. This property was in need of new management to stabilize rents, and they have just hired a new, top notch, management company.
This attractive former Rainbow Beach Nursing Facility, located in the thriving South Shore neighborhood, offers 93 resident rooms with a variety of 1- to 4-bed layouts. The first floor includes a spacious reception area, staff offices, a main dining room with a large kitchen featuring walk-in coolers, two resident dining areas, outdoor activity spaces, an expansive rooftop deck, and two large parking lots accommodating up to 50 cars. This 66,000 sq ft property comprises a substantial 5-story building, built in 1998, along with multiple connected single-story buildings. Situated on Exchange Ave, it is just two blocks from the 71st Street Metra South Shore train stop and close to the lake, Rainbow Beach & Park, South Shore Beach and Golf Course, and Jackson Park Golf Course. This facility boasts an appealing combination of resident rooms and amenities.
5-unit property priced to move located on busy E 79th Street. Property needs complete rehab, sold as-is, where-is. Located on retail corridor of busy street, across from Cleveland's Outlet. Easily accessible to public transportation, located on #79 79th Street bus route, 0.2 miles to #28 Stony Island bus route, and 0.8 miles to ME 79th / Chatham Metra station. This is a Cannabis-Eligible parcel as defined by the State of Illinois' Cannabis Social Equity Program. Cook County Land Bank Authority owns this property. Please review CCLBA Offer Checklist before inquiring and please note that all offers must be submitted to the Land Bank directly via the CCLBA website.
7828 S. Essex is an exceptional investment opportunity in the sought-after South Shore neighborhood. This property features six expansive 3-bedroom, 2-bathroom units and one 3-bedroom, 1-bathroom garden apartment, each offering over 1,500 square feet of living space with elegant hardwood flooring and separate living and dining rooms. Recent upgrades, including a new roof and new garden unit. Positioned in a high-demand area with limited competition, these units promise strong rental potential. Additionally, the property includes a four-car garage and a basement laundry facility, both currently unused, providing significant potential for additional income.
This is an outstanding investment opportunity: A all-brick 6-unit building nestled in Chicago's vibrant South Shore neighborhood. Positioned on a corner lot, this property basks in natural light and boasts proximity to key attractions like Tiger Woods Golf Course, Rainbow Beach, and convenient transportation hubs. With easy access to CTA bus lines and two Metra-train stations, attracting tenants is a breeze. Additionally, the property features an attached brick 3-car garage, adding value and convenience. What sets this investment apart is its rental income and positive cash flow, ensuring a steady return on your investment. Don't miss out on this chance to capitalize on the flourishing real estate market in one of Chicago's most sought-after areas.
Pleased to present the multifamily property at 7270 S. South Shore Dr. This asset represents a compelling investment opportunity in a vibrant community. The subject property is a 53-unit multifamily elevator building with a rooftop space located in the heart of Chicago's tree-lined South Shore neighborhood. It is conveniently situated fifteen minutes from the Loop and one block from the Lakefront, offering easy access to Lake Shore Drive. The property underwent a comprehensive gut renovation in 2018 and provides excellent in-place cash flow with potential for value-add investors. The property sits on a 20,555 square foot parcel. Freddie Mac Assumable Loan: This property includes an assumable Freddie Mac loan, offering a loan assumption amount of $3,808,690 at a competitive interest rate of 3.12%, with a maturity date set for May 2027. This favorable financing structure enhances the property's investment appeal, reducing the need for new financing. Fully Renovated: The property was fully renovated in 2018, featuring new plumbing, electric, and tear-off roofs. All mechanicals, including copper plumbing, hot water tanks, boiler, and sewer line to the city, are new. Modern Amenities: The building includes stainless steel appliances, dishwashers, and new baths in all units. On-Site Management: There is a dedicated on-site building manager. Laundry Facilities: The building has ten credit card operable laundry machines. Common Areas: The property includes ample on-site office and maintenance space, three common bathrooms, and a 3,800 square foot penthouse common area lounge with a roof deck offering breathtaking lake views. Elevators: Two upgraded elevators (one passenger and one passenger/freight). Electrical Capacity: The property has high capacity electrical service with room for two additional electrical meters (1600A building and 400A elevators). Parking: There are 18 dedicated surface parking spots, with potential expansion up to 22 spots. Tenant Utilities: All units are electric, with tenants responsible for baseboard heat. Unit Mix: (9) Two-bedroom units (42) One-bedroom units (1) Studio unit Rooftop Space Investment Highlights: Location: Situated in the desirable South Shore neighborhood of Chicago, close to the Loop and Lakefront. Upside Potential: With the property's strong in-place cash flow and modern infrastructure, there is significant potential for value-add opportunities. On-Site Amenities: High-quality amenities and common areas enhance tenant satisfaction and retention. Parking and Utilities: Sufficient parking and tenant responsibility for electric baseboard heating contribute to operational efficiency. This multifamily property represents a robust investment opportunity with steady cash flow, potential for value addition, and a strategic location in one of Chicago's prominent neighborhoods.
Low maintenance California style 10 unit building in the South Shore neighborhood. All 1 BD/1 BA unit layouts. All units fully renovated in the last 5 yrs with stainless steel appliances, new flooring and new mechanicals. All units have dedicated water tanks and in-unit washer/dryer. Tenant paid electric and baseboard heat keeps owner expenses very low. Large parking lot located alongside property. Pro-forma 10%+ CAP rate on a turn key building.
Freestanding +/-12,450sf Building on a site that is approximately 33,000sf Features include +/-45 parking spaces, high ceiling, full basement, loading area with overhead door. The site is zoned B3-2 Business -Commercial District which allows for a variety of uses. Fully built out vanalla box condition. Highly visinble corner location. The site is located on the southeast corner of 79th & Colfax in Chicago's South Chicago Community.
Terra Cotta yellow brick building looking for owner/user or investor! Large brick garage 750 to 1000 sq ft. High ceilings! 8 one-bedroom apartments and 3 stores. Property is a total gut! Plans for a living facility. Contact List Agent For More Details.
Great opportunity for the right investor "Fire Sale" only. 6837 was damaged in a fire. The 3rd floor need a total gut rehab, 2nd floor has water damage about 50% rehab and the 1st floor needs 25% rehab. 6839 is fine and has no damage. It has a brand new roof on the 6 unit. This building has five 3 bedroom with 2 baths roughly 1300 square feet. This building has a 5 Car Garage, Property being sold "as-is". 1 units occupied. Located close to Obama Library, Jackson Park, lakefront, golf course, Metra/CTA and more.
Discover a rare investment opportunity with this well-maintained 6-unit building, with the potential to generate an annual income of $100,000 and beyond. Each spacious unit features 2 bedrooms and 1 bath, thoughtfully designed with separate dining and living spaces, both offering access to a front sunroom that floods the space with natural light. Down the hallway, you'll find generously sized bedrooms, each with access to a second sunroom, providing additional living space and flexibility. This thoughtfully-designed layout also offers the potential for a 3rd bedroom, maximizing rental income possibilities. The basement presents an exciting opportunity for expansion, with ample space to build out two additional units, significantly increasing the potential for rental income. The units are equipped with individual heating systems, which can reduce costs for the owner. Gleaming hardwood floors run throughout, adding a touch of elegance and durability. The building's water heater, windows, and rear porches have been recently updated, enhancing efficiency and reducing maintenance concerns. Additionally, the property features garage parking in the rear with six dedicated spaces, providing yet another opportunity to generate additional income. Whether you're looking to expand your investment portfolio or seek an owner-occupant scenario with rental income, this income-generating gem is not to be missed!
All offers must be placed directly on the Cook County Land Banks website. Please have buyers register on website and submit initial offer application prior to viewing. All room sizes and lot dimensions are estiamtate, please verify zoning.
This property is the investment opportunity you've been looking for! All units are currently rented, with only 2 units still available, and all rents are current. The building, which consists of 16 units including 3-2 bedroom apartments and 13-1 bedroom units, is situated in South Shore, where the Obama Center is under construction, leading to significant revitalization in the area. The roof is less than 5 years old, the boiler is regularly maintained, and the hot water tank is approximately 10 years old. Additionally, there is a camera system installed on the building that will be retained. Some of the units have been renovated, and both the building and the neighborhood are peaceful and quiet. Priced to sale perfect for the investor looking for that 1031 exchange investment!
Charming historic 8-unit brick property in the South Shore Community of Chicago. A rare investment opportunity just steps away from the picturesque lake michigan. This stately brick building with a total of eight units, each one has a spacious layout of 2000 sq ft with hardwood floors that add a touch of elegance. Natural light floods through the windows, creating a bright and inviting atmosphere. Ideal for comfortable living, each unit features three bedrooms and two full baths providing a thoughtful designed to blend modern convenience with classic charm.
This corner (Exchange and 72nd) commercial building is an opporunity waiting to happen. Brick one-story building with a lower level is in a great, well-traveled location in the South Shore area with Metra station just across the street. A great space and setting for an eatery/coffee shop, bar or lounge, boutique, healthcare facility, small business incubator, artist/gallery space, day spa, insurance office. . .just bring your vision. Property being sold "As Is." Lot size is per Survey.
MAJOR PRICE REDUCTION! Center Entrance 6-Flat Blonde Brick Beauty In Sensational South Shore Is An Excellent Investment Vehicle As Well As A Perfect Condo Conversion Candidate. The Building Features All 4 Bed/2 Bath Units With Updated Kitchens And Baths. There Is A Full Basement For Future Duplexing Down Of The 1st Floor Units Or Possible Creation Of Two Additional Garden Units. There Is Also A 5-Car Brick Garage. So Much Potential Here! Just Needs Some TLC.
Fantastic opportunity in South Shore on 79th and Crandon. This property boasts 1 huge apartment with 3 generous-sized bedrooms and 2 full baths a large living room, dining room, den, and office space. The lower level of this mixed-use property has 2 office spaces. 2 separate oversized garages offer ample parking and storage for the property.
Welcome to 6729 - 6731 South Chappel Avenue, an exceptional investment opportunity in the heart of Chicago, IL. This impressive 8-unit building boasts a total of 22 bedrooms and 8 bathrooms across a generous single PIN 7,056 square feet lot. The property offers a lucrative current cap rate of over 7% and is fully leased with reliable, all performing tenants, historically maintaining a low vacancy rate. This property is a savvy investor's dream, featuring 6 three-bedroom, one-bathroom units, and 2 two-bedroom, one-bathroom units. The building is equipped with essential amenities including 2 coin operated washers and dryers, and a hard-wired security system for added peace of mind. With 8 new parking spots, tenants enjoy the convenience of ample parking. Strategically located in an opportunity zone, this property benefits from low taxes. Its close proximity to public transportation, particularly the CTA Jeffery Jump route, enhances its appeal to tenants seeking convenience. Additionally, the building's low expenses are attributed to tenants covering their own heat, electric, and gas, resulting in a desirable financial profile for investors. Situated just 1 mile from Jackson Park and the future Obama Presidential Library, this property holds promise for future appreciation. The pro forma DSCR of 1.83 and a cash-on-cash return of 18% further underscore the financial attractiveness of this investment. Moreover, with below-market rents, there's immediate potential to realize a cap rate of over 10% and a GRM of 7, presenting an enticing investment opportunity. For discerning investors seeking a prime income-generating asset, the offering memorandum is available upon request. Don't miss out on this rare chance to secure a solid investment in a thriving location that is driving the future of Chicago's South Side Multi-Family Investments.
11 Unit Multifamily Investment opportunity located in the South Shore neighborhood. This property consists of well-maintained 11 apartments. 100% Occupancy. The unit mix is (3) two-bedroom one bath units and (8) one-bedroom one bath units. Each unit controls its own heat/thermostat. Each unit has its own water heater. Off street parking.
MUST SEE!! Building located in the upcoming SouthShore Neighborhood. SIX (6) STOREFRONTS, three parking spaces in back and backyard for all six (6) storefronts. Three (3) storefronts have their own entrances and bathrooms. Three (3) storefronts were a daycare with one (1) entrance, two (2) bathrooms (1 for students and 1 for staff) and full kitchen. Brand new Fire Alarm System installed for daycare UPGRADES: Interior: new plumbing throughout ALL storefronts... Exterior: new roof, new brick/tuckpointing and new windows... If you are looking to start a daycare and obtain rental space or obtain an investment property this building is for you.
Mix-use building now available! Property consists of a store front opportunity for a new business, or expansion of a business. Upstairs, includes two additional apartments, currently rented. (M2M) Property is located on a high traffic area, on 79th St. Close to transportation, highway, etc.
Discover this stunning 13-unit multi-family property nestled in the vibrant South Shore neighborhood of Chicago. Near the future site of PsiQuantum's First US-Based Utility-Scale Quantum Computer in Chicago. Each of the thirteen units boasts two spacious bedrooms, a separate living room, a dedicated kitchen, and beautiful hardwood flooring throughout. With all units currently rented, this property offers immediate income for the savvy investor, or a wonderful value-add opportunity. Convenience is key! The property is within walking distance to the Windsor Park Metra Station and CTA buses, making public transportation a breeze. Enjoy the best of South Shore's recreational offerings with Rainbow Beach, the South Shore Cultural Center, and the picturesque Lakefront just a short stroll away. This property is not only a beautiful place to live but also a lucrative investment. With an effective gross income of $138,510.00 and a Net Operating Income of $97,153.99, it promises attractive investor returns and a great addition to a portfolio. The current owner has thoughtfully updated the units and installed individual furnaces across all units, allowing tenants to manage their own heating costs, further enhancing the property's appeal. Each unit has been meticulously updated to ensure modern comforts while retaining classic charm. The property is move-in ready, offering a seamless transition for new owners and tenants alike. Seize this fantastic opportunity to own a piece of South Shore's thriving real estate market. Schedule your visit today and envision the endless potential this property holds for your investment portfolio. For more information or to arrange a viewing, contact us now!
Fine example of Mid Century Modern Design! In the Avalon Park/South Shore TIF District, so City grants are available for the exterior and commercial space. Classic mid-century design details like wing walls and a glass front facade. Lee Bey, former architecture critic for the Sun Times, noted this building as a fine example of South Side Modern. 9-Unit mixed use building with street Level retail/office space and 8 large 1 bedroom residential units. Huge adjacent parking lot is included in sale. Each floor is approx 3,000 sqf. The building is supported with massive steel framing, so the store is clear span throughout with continuous floor to ceiling window lines. Currently the space is a business incubator with office suites, some with water, a large conference room, and a large meeting space near the street side with 2 bathrooms and a kitchenette. The 2nd & 3rd floors consist of 8 apartments, comprised of 1 bedroom/1 bathroom units. South Shore's 79th street is surrounded by businesses, medical offices, and retailers. Near South Shore Hospital. Multiple PINS 2130325025, 2130325026, 2130325027. Addresses 2404-2416 E 79th. Broker Owned.
Prime location on Stony Island, not far from the Obama Library, minutes from Jackson Park, this multi-use building was being used as a church but can easily be converted into a Daycare center or other use. It has two-bedroom apartments on the second floor that are move-in ready and a finished basement. There are 3 bathrooms. The church sanctuary can be converted into a visible business. There is ample parking as the church owns the 7 adjacent lots (which can be sold separately or sold with the building) Additional income is made from the Clear Channel Billboard that sits on top of the building because of its prime location. Newer roof. This is a tax-exempt property. Sold as-is. Additional pins for lots to be provided.
****THIS BUILDING IS PART OF AN REO PORTFOLIO SALE AND INCLUDES 5 BUILDINGS (118 TOTAL UNITS): (1) 8100-8110 S Paulina St, Chicago IL 60620, (2) 8200 S Paulina St, Chicago IL 60620, (3) 8102 S Maryland Ave, Chicago IL 60619, (4) 7157 S Yale Ave, Chicago IL 60621, (5) 7849 S Escanaba Ave, Chicago IL 60617.******/// 7849 S Escanaba Ave is a 24-unit building in Chicago's South-Lakefront South Shore neighborhood. Property is also located in TIF district. This property has a unit mix of six (6) storefronts, twelve (12) one bed/one bath units, three (3) two bed/one bath units, and nine (9) 3 bed/1 bath units. This beautiful masonry building will require moderate renovation. Built in 1930 and boasting 27,000 sq ft of space, 7849 S Escanaba Ave offers a unique opportunity to contribute to the continued enrichment of the South Shore neighborhood.
The median home value in Chicago, IL is $284,100. This is higher than the county median home value of $279,800. The national median home value is $338,100. The average price of homes sold in Chicago, IL is $284,100. Approximately 40.54% of Chicago homes are owned, compared to 48.29% rented, while 11.17% are vacant. Chicago real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Chicago real estate agent to arrange a tour today!
Chicago, Illinois 60649 has a population of 2,742,119. Chicago 60649 is less family-centric than the surrounding county with 24.86% of the households containing married families with children. The county average for households married with children is 29.73%.
The median household income in Chicago, Illinois 60649 is $65,781. The median household income for the surrounding county is $72,121 compared to the national median of $69,021. The median age of people living in Chicago 60649 is 35.1 years.
The average high temperature in July is 83.9 degrees, with an average low temperature in January of 19.2 degrees. The average rainfall is approximately 38.2 inches per year, with 35.1 inches of snow per year.