7500 S. South Shore Dr.
Chicago, IL 60649
$15,250,000
Price
Sq. Ft.
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7500 S South Shore Dr Chicago, IL 60649 7500 S South Shore Dr Chicago, IL 60649 7500 S South Shore Dr Chicago, IL 60649 7500 S South Shore Dr Chicago, IL 60649 7500 S South Shore Dr Chicago, IL 60649 7500 S South Shore Dr Chicago, IL 60649

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Executive Summary

CRER is pleased to offer the opportunity to acquire the Jackson Park Portfolio consisting of three (3) multifamily properties located within Chicago’s South Shore neighborhood.

 

The portfolio consists of 208 units with a mix of (181) one bedroom, (13) two bedroom, (12) three bedroom, and (2) studio units.

The apartments include spacious floor plans with updated kitchen and baths throughout. Capital improvements to the portfolio consist of updated electric/plumbing, newer windows, on-site laundry, and renovated units.

Each building in the portfolio has a class 9 real estate tax designation which reduces tax assessments by 50%.

The Jackson Park Portfolio also offers the opportunity for an investor to assume the existing loan with an interest rate of 4.16%.

  • Unit Mix: (208) units total | (181) 1 bedroom, (13) 2 bedroom, (12) 3 bedroom, (2) Studios 
  • Assumable loan – 4.16% 
  • Class 9 Tax Designation 
  • Updated electric/plumbing 
  • Renovated units throughout (kitchens & baths)    
  • On-site laundry 
  • Pin: 20-24-415-014-0000, 20-24-421-018-0000, 21-30-201-026-0000, 21-30-201-027-0000 

Property Location

Chicago » 60649 » 7500 S. South Shore Dr.

Property Details

Status Active
Listing Type For Sale
Price $15,250,000

Broker Contact

Finley Askin

Finley Askin

Mobile: (606) 375-5398

Office: (773) 327-9300

Chicago Property Management Services

CRER Is Expanding Its Property Management Portfolio

At CRER, we pride ourselves on being more than just a Property Management Company. We are partners in your success.
Our commitment is to safeguard your property's value and maximize its income potential. From our Lease Management to Advanced Tenant Screening, we ensure every detail is managed with precision.

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"As a property owner who has worked with CRER, I've found their approach to multi-family property management both professional and effective, particularly in their responsiveness to maintenance issues and their skill in balancing the needs of owners and tenants."



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