7827 S South Shore Dr, Chicago, IL 60649

7827 S. South Shore Drive, know as the South Beach Apartments, is a vintage mid-rise apartment building located in Chicago's South Shore neighborhood. The four (4) story building is zoned R4 and sits on a 0.46-acre parcel. The building consists of 50 units and features a studio-heavy unit mix with 42 studio units and eight (8) 1-bed/1- bath units. The building is currently 11% occupied, featuring a compelling value-add opportunity through lease-up and operational efficiencies. The property is conveniently located directly off Shore Drive and within walking distance of Rainbow Beach/Rainbow Beach Park and the Cheltenham/79th Street Metra Station.

7827 S. South Shore Drive is an apartment building located along the east side of South Shore Drive in Chicago’s South Shore neighborhood. The Property is located approximately 10-miles south of downtown and features over 139,000 people within three (3) miles of the Property. The Property is conveniently located right off Lake Shore Drive, only a few blocks from the Cheltenham/79th Street Metra Station and just under two (2) miles east of Interstate-90. The Property is within close proximity to a number of national retailers including Save-A-Lot, Family Dollar, Dollar General, Quik Mart, McDonald’s, Subway and Little Caesar’s Pizza, among others.

The South Shore submarket is experiencing renewed investment activity and sustained rental demand, supported by the area’s affordability, strong transit infrastructure, and steady population density. This established South Side neighborhood continues to attract both local and regional investors seeking value-add multifamily and mixed-use opportunities with strong cash-flow potential. Ongoing public and private investment initiatives, including corridor beautification projects and retail revitalization along 79th Street and Cottage Grove Avenue, have further strengthened the market’s appeal. With close access to major employment centers, schools, and retail corridors, this property is well positioned to benefit from the continued economic stabilization and growth of Chicago’s South Side rental market.