There are multiple listings for this address:
7270 S South Shore Drive
Chicago, IL, 60649
$7,000,000
Beds
0 Baths
0 SqFt
0 Acres
Add
Add
$7,000,000
7270 S South Shore Drive
Chicago, IL, 60649
MLS #MRD12465084 image #0MLS #MRD12465084 image #1MLS #MRD12465084 image #2MLS #MRD12465084 image #3MLS #MRD12465084 image #4MLS #MRD12465084 image #5MLS #MRD12465084 image #6MLS #MRD12465084 image #7MLS #MRD12465084 image #8MLS #MRD12465084 image #9MLS #MRD12465084 image #10MLS #MRD12465084 image #11MLS #MRD12465084 image #12MLS #MRD12465084 image #13MLS #MRD12465084 image #14MLS #MRD12465084 image #15MLS #MRD12465084 image #16
Pleased to present the multifamily property at 7270 S. South Shore Dr. This asset represents a compelling investment opportunity in a vibrant community. The subject property is a 53-unit multifamily elevator building with a rooftop space located in the heart of Chicago’s tree-lined South Shore neighborhood. It is conveniently situated fifteen minutes from the Loop and one block from the Lakefront, offering easy access to Lake Shore Drive. The property underwent a comprehensive gut renovation in 2018 and provides excellent in-place cash flow with potential for value-add investors. The property sits on a 20,555 square foot parcel. The property was fully renovated in 2018, featuring new plumbing, electric, and tear-off roofs. All mechanicals, including copper plumbing, hot water tanks, boiler, and sewer line to the city, are new. Modern Amenities: The building includes stainless steel appliances, dishwashers, and new baths in all units. On-Site Management: There is a dedicated on-site building manager. Laundry Facilities: The building has ten credit card operable laundry machines. Common Areas: The property includes ample on-site office and maintenance space, three common bathrooms, and a 3,800 square foot penthouse common area lounge with a roof deck offering breathtaking lake views. Elevators: Two upgraded elevators (one passenger and one passenger/freight). Electrical Capacity: The property has high capacity electrical service with room for two additional electrical meters (1600A building and 400A elevators). Parking: There are 18 dedicated surface parking spots, with potential expansion up to 22 spots. Tenant Utilities: All units are electric, with tenants responsible for baseboard heat. Unit Mix: (9) Two-bedroom units (42) One-bedroom units (1) Studio unit Rooftop Space Investment Highlights: Location: Situated in the desirable South Shore neighborhood of Chicago, close to the Loop and Lakefront. Upside Potential: With the property’s strong in-place cash flow and modern infrastructure, there is significant potential for value-add opportunities. On-Site Amenities: High-quality amenities and common areas enhance tenant satisfaction and retention. Parking and Utilities: Sufficient parking and tenant responsibility for electric baseboard heating contribute to operational efficiency. This multifamily property represents a robust investment opportunity with steady cash flow, potential for value addition, and a strategic location in one of Chicago’s prominent neighborhoods.

Property Details

Price:
$7,000,000
MLS #:
MRD12465084
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
chisouthshore
Listed Date:
Sep 5, 2025
Total Sq Ft:
40,000
Year Built:
1970
Chi – South ShoreChisouthshore

Schools

Interior

Cooling
Exhaust Fan
Fireplaces Total
1

Exterior

Construction Materials
Brick

Financial

Tax Year
2023
Taxes
$34,443
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Commercial in Chicago as of Oct 09, 2025
1,127
Commercial Listed
158
Avg DOM
148
Avg $ / SqFt
$1,044,130
Avg List Price

Community

Subdivisions in Chicago

Similar Listings Nearby

Property Summary

    7270 S South Shore Drive Chicago IL is a Commercial for sale in Chicago, IL, 60649. It is listed for $7,000,000 To schedule a showing of MLS#mrd12465084 at 7270 S South Shore Drive in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
7270 S South Shore Drive
Chicago, IL
7270 S South Shore Drive
Chicago, IL, 60649
$7,000,000
3 Beds
3 Baths
0 SqFt
0 Acres
Add
Add
$7,000,000
7270 S South Shore Drive
Chicago, IL, 60649
MLS #MRD12490646 image #0MLS #MRD12490646 image #1MLS #MRD12490646 image #2MLS #MRD12490646 image #3MLS #MRD12490646 image #4MLS #MRD12490646 image #5MLS #MRD12490646 image #6MLS #MRD12490646 image #7MLS #MRD12490646 image #8MLS #MRD12490646 image #9MLS #MRD12490646 image #10MLS #MRD12490646 image #11MLS #MRD12490646 image #12MLS #MRD12490646 image #13MLS #MRD12490646 image #14MLS #MRD12490646 image #15MLS #MRD12490646 image #16
Pleased to present the multifamily property at 7270 S. South Shore Dr. This asset represents a compelling investment opportunity in a vibrant community. The subject property is a 53-unit multifamily elevator building with a rooftop space located in the heart of Chicago’s tree-lined South Shore neighborhood. It is conveniently situated fifteen minutes from the Loop and one block from the Lakefront, offering easy access to Lake Shore Drive. The property underwent a comprehensive gut renovation in 2018 and provides excellent in-place cash flow with potential for value-add investors. The property sits on a 20,555 square foot parcel. The property was fully renovated in 2018, featuring new plumbing, electric, and tear-off roofs. All mechanicals, including copper plumbing, hot water tanks, boiler, and sewer line to the city, are new. Modern Amenities: The building includes stainless steel appliances, dishwashers, and new baths in all units. On-Site Management: There is a dedicated on-site building manager. Laundry Facilities: The building has ten credit card operable laundry machines. Common Areas: The property includes ample on-site office and maintenance space, three common bathrooms, and a 3,800 square foot penthouse common area lounge with a roof deck offering breathtaking lake views. Elevators: Two upgraded elevators (one passenger and one passenger/freight). Electrical Capacity: The property has high capacity electrical service with room for two additional electrical meters (1600A building and 400A elevators). Parking: There are 18 dedicated surface parking spots, with potential expansion up to 22 spots. Tenant Utilities: All units are electric, with tenants responsible for baseboard heat. Unit Mix: (9) Two-bedroom units (42) One-bedroom units (1) Studio unit Rooftop Space Investment Highlights: Location: Situated in the desirable South Shore neighborhood of Chicago, close to the Loop and Lakefront. Upside Potential: With the property’s strong in-place cash flow and modern infrastructure, there is significant potential for value-add opportunities. On-Site Amenities: High-quality amenities and common areas enhance tenant satisfaction and retention. Parking and Utilities: Sufficient parking and tenant responsibility for electric baseboard heating contribute to operational efficiency. This multifamily property represents a robust investment opportunity with steady cash flow, potential for value addition, and a strategic location in one of Chicago’s prominent neighborhoods.

Property Details

Price:
$7,000,000
MLS #:
MRD12490646
Status:
Active
Beds:
3
Baths:
3
Type:
Commercial
Neighborhood:
chisouthshore
Listed Date:
Oct 8, 2025
Total Sq Ft:
40,000
Year Built:
1970
Chi – South ShoreChisouthshore

Schools

Interior

Cooling
Exhaust Fan
Fireplaces Total
1

Exterior

Construction Materials
Brick

Financial

Tax Year
2023
Taxes
$34,443
Need more info?
Ask a Question
Ready to go see it?
Schedule a Showing

Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

More About Debra

Mortgage Calculator

 

Map

Current real estate data for Commercial in Chicago as of Oct 09, 2025
1,127
Commercial Listed
158
Avg DOM
148
Avg $ / SqFt
$1,044,130
Avg List Price

Community

Subdivisions in Chicago

Similar Listings Nearby

broker reciprocity
MLS# MRD12465084broker reciprocity
7270 S South Shore Drive
Chicago, IL

$7,000,000

0.0 miles away

Property Summary

    7270 S South Shore Drive Chicago IL is a Commercial for sale in Chicago, IL, 60649. It is listed for $7,000,000 To schedule a showing of MLS#mrd12490646 at 7270 S South Shore Drive in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.