Kiser Group is pleased to exclusively offer for purchase the sale of 7801 S. South Shore Drive, an absolutely beautiful thirty-two (32) unit, four story elevator building located just off of Chicago’s lake front on the historic South Shore Drive. Situated directly on Rainbow Beach Park, renters have access to all of the Park’s amenities along with incredibly easy transportation to and from Chicago’s downtown via CTA bus stop adjacent to the property. Additionally, the property also sits just north of Chicago’s South Works Site – the 415 acre former US Steel site slated for development, and just south of the future Presidential Library, which has recently broken ground.

7801 S. South Shore boasts an incredibly appealing unit mix, consisting of three (3) large 3b/1ba units, fifteen (15) 2b/1ba units, nine (9) 1b/1ba units, and five (5) studios. The units are bright, spacious, and consist of hardwood flooring throughout. Additionally, each unit has been updated with new kitchens and baths. Recent improvements to the building consist of, but are not limited to, newer electric, newer roofs, new porches, masonry work & tuckpointing, along with a new elevator service. Furthermore, the building is equipped with a laundry facility in the basement and a parking lot in the rear for fifteen (15) cars.

Throughout the years, 7801 S. South Shore Drive has been extremely and meticulously maintained. As a result, it has a long history of maintaining nearly a 100% occupancy rate. The property presents the rare opportunity for an investor to acquire a scarce asset along the East side of South Shore Drive with a strong positive cash flow. By raising rents to levels already being achieved in the building and apartments nearby, an investor could achieve even higher returns.