Essex Realty Group Brokers 125 Units in South Shore
February 12, 2018 12:49 PM
7500 South Shore Drive is a 125-unit apartment building located on the corner of South Shore Drive and East 75th Street in Chicago's South Shore neighborhood. The unit mix is comprised of (13) studios, (107) 1 bed/1 bath units and (5) 2 bed/1 bath units.
The property sits across the street from Rainbow Beach & Rainbow Beach Park. Additionally, the property is located less than 5 minutes walking distance to the Windsor Park Metra Station, which services the Metra Electric District (ME) line.
The South Shore neighborhood is located less than 10 miles south of Chicago's central business district, the Loop, and benefits from its proximity to Lake Michigan and Lake Shore Drive.
Essex Realty Group generated multiple offers from 12 property tours. The property went under contact after just 30 days on the market.
Essex Realty Group secured an out-of-state buyer for this multi-family property after a highly competitive marketing process resulting in 6 offers.
The sale price was approximately $5,350,000.
Jim Darrow and Jordan Gottlieb were the brokers on the transaction.