7270 S Shore Drive
Multifamily | 52 Units | $115,385/unit
Marketing description
7270 S South Dr can be purchased with 7733 S Shore Dr.
MMG Real Estate Advisors is pleased to present the South Shore Portfolio, a 117-unit, two-asset multifamily investment opportunity located in Chicago’s historic South Shore neighborhood. Positioned just one block from the beaches of Lake Michigan and less than 15 minutes from Chicago’s central business district, the properties benefit from immediate lakefront access, strong transit connectivity, and proximity to some of the city’s most powerful long-term demand drivers. Immediately south of Hyde Park and the University of Chicago, the portfolio is uniquely positioned to capture sustained renter demand fueled by higher education, healthcare, and two of the most transformational development projects underway in Chicago: The Quantum Shore Chicago Site and the Obama Presidential Library. Combined with recent capital improvements, extremely attractive in-place yields, and clear value-add pathways, the South Shore Portfolio offers a compelling opportunity to acquire scale in a supply constrained submarket with significant economic momentum.
Investment highlights
Strong In-Place Occupancy and Attractive Yield Profile – 8%+ Cap
Attractive Tax Abatements Through Affordable Housing Special Assessment Program
Transformational Investment Projects in the Quantum Shore Development and Obama Presidential Library
Attractive Demographics and Affordability Advantage
Significant Recent Capital Improvements with Renovated Unit Base
Compelling Value-Add Opportunities Across Both Assets
Free and Clear of Debt
Irreplaceable Lakefront Location Near Chicago’s Central Business District
Proximity to Major Employment, Education, and Healthcare Hubs
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