31 Unit Condo Portfolio

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.Introducing a prime investment opportunity at 7337 South South Shore Drive, Chicago, IL, 60649. This prestigious 329,630 SF high-rise, built in 1962, offers 31 units, presenting a 52% occupancy rate with significant potential for growth. Boasting a multitude of amenities, including a gym, spa, playground, storage, and on-site laundry, this condo portfolio in the South Shore neighborhood combines lakefront views with proximity to the South Shore Cultural Center & Beach. With 18 units currently rented and 12 units primed for minor renovations, seize the opportunity for a lucrative investment in this amenity-rich property. The actual cap rate is 3%, but with 7 additional units rented, the cap rate would soar to 7.45%, making this a compelling opportunity for savvy investors.