7238 South South Shore DriveChicago, IL 60649Price: $575,000

  • Price: $575,000
  • 46 Days on Market
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Federal 30-year interest rate: 5.22% last updated on Aug 11, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 7,134Square Feet
  • 1921Year Built

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We heard you were looking for inventory in the South Shore Area? Stop the Car and take a look at this Multi-Family Legacy Builder! Conveniently located in the epicenter of the Historic South Shore Community, walking distance to the South Shore Golf Course, the Lake/Beach and a quick bike ride to The Obama Presidential Center. This is the one you have been waiting for all year! The interior includes (3) Four Bedroom/3 Bath Units at Approximately 2,500 sq. ft. each. (1) Two Bedroom /1 Bath Unit with a 2 Bedroom/1 Bath Coach House over Brick 3 Car Garage. Did we mention the 5 additional outdoor parking spaces to maximize additional monthly rental income. Great Building for a future Condo Conversion if the new Buyer is willing to put in the necessary effort. One great asset: All Living rooms are facing Lake Michigan with an elegant east view and in the upper unit there is no obstruction to the Lake. Whether you are interested in Renting out all units (at market Rent) or staying onsite this is surely not a building that you want to pass up. The building has so many possibilities and with your time, creativity and proper consultation (which we can provide) it can truly be your Legacy Builder. FYI: Initial showing will be for one unit (minimum) and upon an accepted offer a full tour will be provided! NOTE: Tenants are all M2M and the building has ONLY one vacant unit (4bed/3bath) and the Coach House is also occupied.

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Listed by Ezekiel Morris and Cassandra Sneed of Exit Strategy Realty / EMA Management

Based on information submitted to MRED  as of August 11, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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