7943-45 S South Shore Dr

Chicago - South Chicago

$329,000 | Multi Family 5+ | Studio | baths | MLS #10821760

Property Description

5 units are occupied. Wonderful tenants actively working and paying rent. Lots of work completed on the building since purchased - tuck pointing, two units brand new renovation, all tubs reglazed to refresh bathrooms. 4 units have long term tenants. Tenant paying lowest amount ($700) helps with maintenance. Newest tenant pays $950. Vacant unit can be filled prior to closing or new owner can fill as a section 8, airb&b or owners unit. Lots of options. Vacant unit left vacant for easy showing during covid season. First showing will be vacant unit, exterior and basement. Access to all other units during inspection due to Covid. If units were converted to section 8, cap rate would soar. Cap rate is over 10% currently if all units rented. Turn-key investment. Amazing South Shore location, right on South Shore Dr and 79th, next to Rainbow beach. Bus stop right in front of building, 2 blocks away from the lake. Quiet block, quiet tenants, great building.

Property Details

Property Features rooms, Studio and baths

  • Master Bedroom
  • Kitchen

Listing Provided By Compass

Disclaimer: The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Century21 SGR are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers.

Information deemed reliable but not guaranteed.

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Mapped Location: 7943-45 S South Shore Dr

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