Map of Property

7500 S South Shore Dr

7500 S South Shore Dr, Chicago, IL 60649

  • For Sale Portfolio Sale $15,250,000
  • Property Type Multi-Family
  • Property Size 96,660 SF
  • Units 150
  • Lot Size 0.62 Acre
  • Year Built 1949
  • Date Updated Feb 20, 2025
CRER is pleased to offer the opportunity to acquire the Jackson Park Portfolio consisting of three (3) multifamily properties located within Chicago’s South Shore neighborhood. 6916 S. Clyde Ave, Chicago, IL 60649 7038 S. Chappel Ave, Chicago, IL 60649 7500 S. South Shore Dr. Chicago, IL 60649 The portfolio consists of 208 units with a mix of (181) one bedroom, (13) two bedroom, (12) three bedroom, and (2) studio units. The apartments include spacious floor plans with updated kitchen and baths throughout. Capital improvements to the portfolio consist of updated electric/plumbing, newer windows, on-site laundry, and renovated units. Each building in the portfolio has a class 9 real estate tax designation which reduces tax assessments by 50%. The Jackson Park Portfolio also offers the opportunity for an investor to assume the existing loan with an interest rate of 4.16%. Unit Mix: (208) units total | (181) 1 bedroom, (13) 2 bedroom, (12) 3 bedroom, (2) Studios Assumable loan – 4.16% Class 9 Tax Designation Updated electric/plumbing Renovated units throughout (kitchens & baths) On-site laundry Pin: 20-24-415-014-0000, 20-24-421-018-0000, 21-30-201-026-0000, 21-30-201-027-0000CRER is pleased to offer the opportunity to acquire the Jackson Park Portfolio consisting of three (3) multifamily properties located within Chicago’s South Shore neighborhood. 6916 S. Clyde Ave, Chicago, IL 60649 7038 S. Chappel Ave, Chicago, IL 60649 7500 S. South Shore Dr. Chicago, IL 60649 The portfolio consists of 208 units with a mix of (181) one bedroom, (13) two bedroom, (12) three bedroom, and (2) studio units. The apartments include spacious floor plans with updated kitchen and baths throughout. Capital improvements to the portfolio consist of updated electric/plumbing, newer windows, on-site laundry, and renovated units. Each building in the portfolio has a class 9 real estate tax designation which reduces tax assessments by 50%. The Jackson Park Portfolio also offers the opportunity for an investor to assume the existing loan with an interest rate of 4.16%. Unit Mix: (208) units total | (181) 1 bedroom, (13) 2 bedroom, (12) 3 bedroom, (2) Studios Assumable loan – 4.16% Class 9 Tax Designation Updated electric/plumbing Renovated units throughout (kitchens & baths) On-site laundry Pin: 20-24-415-014-0000, 20-24-421-018-0000, 21-30-201-026-0000, 21-30-201-027-0000
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

broker
Finley Askin

Chicago Real Estate Resources

Location

Getting Around

  • Walk Score ®

    71/100 Very Walkable

  • Transit Score ®

    66/100 Good Transit

  • Bike Score ®

    61/100 Bikeable
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood South Shore
  • Zip Code 60649
  • Market Chicago

Points of Interest

  • Windsor Park

    0.18 miles

  • South Shore

    0.54 miles

  • 83rd Street

    1.09 miles

  • 87th Street

    1.59 miles

  • Stony Island

    1.63 miles

  • 63rd Street

    2.18 miles

  • South Chicago (93rd Street)

    2.34 miles

  • 55th-56th-57th Street

    2.73 miles

  • 51st-53rd Street (Hyde Park)

    3.23 miles

  • Garfield

    3.95 miles

  • GoLo

    0.25 miles

  • Amstar

    0.49 miles

  • Citgo

    0.78 miles

  • All Star

    0.82 miles

  • Fuel Star

    0.99 miles

  • Midwest

    1.03 miles

  • BP

    1.31 miles

  • Mobil

    1.34 miles

  • ChargePoint

    2.98 miles

  • Tesla Supercharger

    5.14 miles

  • 83rd Street Metra Park & Ride

    1.11 miles

  • Trailer Parking

    1.67 miles

  • Dorchester Parking Lot

    2.43 miles

  • 93rd St. (South Chicago) Station Parking Lot

    2.45 miles

  • Chapin Hall Parking Lot

    2.51 miles

  • Kimbark South Parking Garage

    2.56 miles

  • Lexington Parking Lot

    2.85 miles

  • Campus South Parking

    2.98 miles

  • Parking/Materials Management

    3.14 miles

  • Medical Campus Parking Garage A

    3.19 miles

  • South Shore Motel

    1.70 miles

  • East of the Ryan

    2.39 miles

  • Empire Motel

    2.48 miles

  • The Study at the University of Chicago

    2.62 miles

  • Skyway Motel

    2.65 miles

  • Stony Island Motel

    2.68 miles

  • Best Motel

    3.17 miles

  • Hyatt Place Chicago-South/University Medical Center

    3.19 miles

  • Sophy Hotel

    3.21 miles

  • Admiral Motel

    3.30 miles

  • L&G Restaurant

    0.19 miles

  • Rainbow Beach Sub Shop

    0.19 miles

  • Big Sharks

    0.25 miles

  • Imani's Original

    0.44 miles

  • Majani

    0.49 miles

  • Kennedy Fish and Chicken

    0.50 miles

  • Taste Jamaica

    0.51 miles

  • Ming's Chop Suey

    0.61 miles

  • Hoagy House

    0.62 miles

  • Little Caesars

    0.63 miles

  • Adam Clayton Powell, Jr. Paideia Academy

    0.05 miles

  • Excel Academy of South Shore

    0.08 miles

  • Bradwell Elementary School

    0.39 miles

  • Saint Bride's School

    0.43 miles

  • Robert A. Black Magnet Elementary School

    0.50 miles

  • Camelot Academy

    0.65 miles

  • Second Chance Tutoring

    0.87 miles

  • Saint Phillip Neri School

    0.88 miles

  • Edward A. Bouchet Math & Science Academy

    0.95 miles

  • South Shore International College Preparatory High School

    1.02 miles

  • Ada S. McKinley, Ersula Howard Child Care Center

    0.45 miles

  • Kenyatta's Day Care and Learning Center

    0.53 miles

  • DJ Brooks Child Development Center

    1.58 miles

  • Shining Star Child Development

    2.24 miles

  • Restoring the Seed Childcare

    2.78 miles

  • Mari's Bumble Bee Academy

    2.93 miles

  • UChicago Child Development Center - Drexel

    3.29 miles

  • Child's World Academic Inc.

    3.36 miles

  • Shiloh Nursery

    3.39 miles

  • Childrens Hour Pre-School Center

    5.51 miles

Frequently Asked Questions

How much does 7500 S South Shore Dr cost?

The sale price for 7500 S South Shore Dr is available upon request. Contact the listing broker for more information.

What is the total square footage of 7500 S South Shore Dr?

7500 S South Shore Dr totals 96,660 square feet.

When was this property built?

7500 S South Shore Dr was built in 1949.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Finley Askin

Chicago Real Estate Resources

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.