Property Listing No Longer Available for Sale

7641 S South Shore Drive, Chicago, IL

Multi-family for Sale - $849,000 - 6,202 Sq. Ft. on 0.23 acres


Property Info

CIMLS#958352
Location
  7641 S South Shore Drive
  Chicago IL 60649
UpdatedNovember 3rd, 2017
TypeMulti-family
Price$849,000
Building6,202 Sq. Ft.
Land0.23 acres

Property Description

The property is comprised of 3 buildings on a 10,000 lot backing up the Lake Michigan's Rainbow Beach. A 2,604 SF 4 Unit Apartment Building, a 4,000 SF (+/-) Single Family Residency, and a 3 Car Garage make up the buildings on the lot. The 4 Unit Apartment Building is comprised of 2 - 2 bed / 2 bath units 1 - 2 bed 1 bath unit and a 1 bed 1 bath unit. The Single Family Home is comprised of 4 beds and 3.5 baths. The property is fully gated with a rear egress to Lake Michigan.

Location Description:

South Shore is one of the 77 defined community areas of Chicago, named for its location along the city's southern lakefront. The community benefits from its location along Lake Michigan's waterfront and its accessibility to Lake Shore Drive. The close proximity to major institutions and attractions such as the University of Chicago, the Museum of Science and Industry, and Jackson Park are additional benefits to the South Shore.

The Chicago Lakeside Development project is bringing new lakefront development of parklands, beaches, and a continuous waterfront bicycle and jogging path to improve access to the lakefront.

The north side of South Shore is comprised of the historic Jackson Park Highlands which is one of the greatest examples of structural history and 19th-century architecture.

Jackson Park Highlands is also home to the South Shore Cultural Center originally the South Shore Country Club, hosts the South Shore Cultural Center School of the Arts. In addition there are banquet facilities for weddings, receptions, and meetings. The original golf course is still in operation, and open to the public as are beaches, picnic areas, gardens, and a nature center.

Future development is in place with the Chicago Lakeside Development project and the new Tiger Woods Golf Course in the planning stages. The Chicago Lakeside Development project is in place to better the infrastructure and access to lakefront amenities such as parks, beaches, and paths. The Tiger Woods Golf Course is set to combine both the Jackson Park and South Shore golf courses into a fully operational PGA ranked course that will drive Chicago's ever expanding golf community to the South Shore.

Highlights:

>> 2 Buildings on 10,000SF Lot

>> 2,604 SF 4 Unit Apartment Building

>> 4,000 SF (+/-) Single Family Residency

>> Lake Michigan Adjacent

>> Chicago Skyline Views

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Financials


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