7270 S South Shore Drive Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60649
Key Details
Property Type Commercial Sale
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 20,521 sqft
Price per Sqft $253
MLS Listing ID 11204375
Bedrooms 3
Year Built 1920
Annual Tax Amount $40,490
Tax Year 2020
Property Sub-Type Multi Family 5+
Property Description
100% Occupied with Strong In-Place Cash Flow - 2020 NOI Projected 2021 NOI NO Delinquency - 52 Units in the Heart of Pristine South Shore - Full Gut Rehab in 2018 - Armchair Investment with Room to Grow, 18 Existing Surface Parking Spots (Max 22), Fully Upgraded Electric with Room for Two Additional Meters (1600 Amp to Building), New Copper Plumbing, Tear Off Roofs with Silver Coat, New Hot Water Tanks - EVERYTHING Renovated 2018/2019 - Tenants Pay Heat/Electric Baseboard - Owner Pays Gas/Cable/Wifi; On-Site Manager and Dedicated Management Office Space with Security Cameras,, Three Common Area Baths, Sweeping Views from Roof Deck and Adjacent Penthouse Lounge with Fireplace, Adjacent to Lake Shore Drive, Historic Jackson Park, South Shore Cultural Center, Seven minutes from the soon to open prestigious Obama Center Museum
Location
State IL
County Cook
Area Chi - South Shore
Zoning MULTI
Rooms
Other Rooms 52.0
Interior
Heating Electric,Baseboard,Separate Per Unit
Cooling Exhaust Fan
Fireplaces Number 1
Exterior
Garage Spaces 18.0
View Y/N true
Building
Dwelling Type Multi Family 5+
Story 5
Structure Type Brick