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7600-14 S South Shore Dr
Chicago, IL 60649 South Shore

$2,500,000 USD

Apartments For Sale  •  31,683 SF

Property Details

  • Property Type Apartments
  • Total Building Size 31,683 SF
  • Lot Size 0.51 AC
  • Building Class C
  • Year Built 1925
  • Cap Rate 11.18 %
  • Zoning RM-5, Chicago
68 Transit Score
65 Walk Score

Highlights

10.57% Stabilized Cap & 15.56% Stabilized Cash-on-Cash Return.
With minor renovations, an investor can capture nearly $200,000 in additional rental income.
This courtyard building consists of: 28 One-Bedroom/One-Bath Apartments and 11 Two-Bedroom/One-Bath Apartments.
Three-minute walk to Rainbow Beach, five-minute walk to Metra’s Windsor Park station, and a 11-minute drive to the University of Chicago.
Cap Rate: 11.18 %

Amenities

  • Courtyard
  • Laundry Facilities
  • Heating
  • Refrigerator
  • Oven
  • Range

Public Transportation

Commuter RailDriveWalkDistance
Windsor Park Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 1 min 6 min 0.3 mi
Cheltenham Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 2 min 10 min 0.5 mi
Transit/SubwayDriveWalkDistance
Windsor Park Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 1 min 6 min 0.3 mi
Cheltenham Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 2 min 10 min 0.5 mi
South Shore Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 2 min 16 min 0.8 mi
AirportDriveWalkDistance
Chicago Midway International 23 min - 12.2 mi
Chicago O'Hare International 45 min - 28.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Kyle Stengle 312-327-5455 Marcus & Millichap
Kyle Stengle 312-327-5455 Marcus & Millichap