Map of Property

31 Unit Condo Portfolio

For Sale

7337 South South Shore Drive, Chicago, IL 60649

This Chicago property for sale is located at 7337 South South Shore Drive. The current listed sale price for 31 Unit Condo Portfolio is $4,000,000. 31 Unit Condo Portfolio is situated on a lot that is 2.5 acre in size.

Contacts

broker
Lexi Nawrocki

eXp Commercial

Property Details

  • Property Type Multi-Family
  • Property Size 329,630 SF
  • Units 31
  • Lot Size 2.5 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1962
  • Date Updated Sep 19, 2025
Discover Chicago's vibrant South Shore neighborhood, where the property is perched in a prime location near Lake Michigan. Residents can enjoy convenient access to the beautiful Rainbow Beach, the historic South Shore Cultural Center, and the renowned Jackson Park, designed by Frederick Law Olmsted. This dynamic area boasts an array of dining options, including the nearby culinary delights of the South Shore Brew and the eclectic flavors of the Currency Exchange Café. With its rich cultural heritage and stunning lakefront views, the South Shore neighborhood offers an ideal blend of urban amenities and natural beauty for residents of the 31 Unit Condo Portfolio.Presenting a rare investment opportunity along Chicago’s scenic South Shore. This 31-unit condo portfolio combines steady in-place income with strong upside potential. Located directly across from Lake Michigan, residents enjoy beautiful lakefront views and convenient access to nearby beaches, parks, and cultural destinations. The property offers highly desirable amenities, including a fitness center, spa, playground, onsite laundry, storage, and more. With 21 of the 31 units currently occupied, investors can step into immediate cash flow while leasing the remaining 10 units to further enhance returns. Offered at a 6.71% CAP rate, this portfolio is well-positioned for long-term value growth in one of Chicago’s most dynamic neighborhoods.
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Highlights

  • 21 units leased, 10 units available for immediate lease-up and income growth
  • 31-unit condo portfolio in Chicago’s South Shore neighborhood
  • 6.71% CAP rate – strong return with additional upside potential
  • Amenity-rich building: gym, spa, playground, storage, onsite laundry and refuse chute on each floor
  • Easy access to Metra Electric Line, Lake Shore Drive, and Downtown Chicago
  • Investment Highlights:
  • Lakefront views and walking distance to South Shore Cultural Center & Beach
  • Surrounded by new development and ongoing neighborhood revitalization

Getting around

  • 69/100

    Walk Score ®

  • 65/100

    Transit Score ®

  • 63/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Chicago, IL
  • Neighborhood South Shore
  • Zip Code 60649
  • Market Chicago

Points of Interest

  • Windsor Park

    0.33 miles

  • South Shore

    0.40 miles

  • 83rd Street

    1.29 miles

  • Stony Island

    1.54 miles

  • 87th Street

    1.79 miles

  • 63rd Street

    2.02 miles

  • South Chicago (93rd Street)

    2.54 miles

  • 55th-56th-57th Street

    2.54 miles

  • 51st-53rd Street (Hyde Park)

    3.03 miles

  • Garfield

    3.80 miles

  • GoLo

    0.44 miles

  • Amstar

    0.51 miles

  • Citgo

    0.92 miles

  • All Star

    0.93 miles

  • Fuel Star

    1.00 miles

  • Midwest

    1.01 miles

  • BP

    1.15 miles

  • Mobil

    1.18 miles

  • Shell

    1.45 miles

  • ChargePoint

    2.82 miles

  • 83rd Street Metra Park & Ride

    1.31 miles

  • Trailer Parking

    1.49 miles

  • Dorchester Parking Lot

    2.26 miles

  • Chapin Hall Parking Lot

    2.34 miles

  • Kimbark South Parking Garage

    2.39 miles

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

    2.65 miles

  • Lexington Parking Lot

    2.68 miles

  • Campus South Parking

    2.83 miles

  • Parking/Materials Management

    2.99 miles

  • Medical Campus Parking Garage A

    3.03 miles

  • South Shore Motel

    1.76 miles

  • East of the Ryan

    2.40 miles

  • The Study at the University of Chicago

    2.45 miles

  • Empire Motel

    2.45 miles

  • Skyway Motel

    2.79 miles

  • Stony Island Motel

    2.82 miles

  • Hyatt Place Chicago-South/University Medical Center

    3.00 miles

  • Sophy Hotel

    3.02 miles

  • Best Motel

    3.06 miles

  • Chicago Lake Shore Hotel

    3.25 miles

  • Local Market Foods

    0.86 miles

  • Save-A-Lot

    1.26 miles

  • Zees Supermarket Plus

    1.47 miles

  • Jewel-Osco

    1.55 miles

  • Cecy's Molino De Masa

    1.66 miles

  • ALDI

    1.69 miles

  • La Fruteria

    2.10 miles

  • Macias Produce

    2.15 miles

  • El Guero

    2.26 miles

  • City Sports

    2.68 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Lexi Nawrocki

eXp Commercial

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