Chicago, IL 60649,7270 S South Shore Drive
Chicago, IL 60649,7270 S South Shore Drive
Chicago, IL 60649,7270 S South Shore Drive
26
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$5,200,000
Est. payment /mo
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3 Beds
3 Baths
20,521 SqFt
Active

7270 S South Shore Drive Chicago, IL 60649

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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

Lot Dimensions 110X186

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

Separate Den/Office 222279.0

Interior

Heating Electric, Baseboard, Separate Per Unit

Cooling Exhaust Fan

Fireplaces Number 1

Basement Description Unfinished

Exterior

Garage Spaces 18.0

View Y/N true

Handicap Access 7.6

Total Parking Spaces 18

Building

Dwelling Type Multi Family 5+

Story 5

Architectural Style Multi Family 5+

Structure Type Brick

Others

Tax ID 21301070240000

Miscellaneous Atrium,Common Meeting Room/s,Elevator/s Freight,Elevator/s Passenger


Midwest Real Estate Data (MRED)
Listed by Kale Realty

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agent

Chris Buckely

IL/IN/MI Managing Broker | License ID: IN- RB17001753 | IL- 477013311

+1(312) 313-5553

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7270 S South Shore Drive