8119 South Shore Drive, South Chicago, Chicago, Illinois 60617
$195,000
|
For Sale
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| Status: | Contingent |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 7 |
| Baths: | 0 |
| Year Built: | 1921 |
| Property Taxes: | $2,532 |
| Days On Market: | 8 |
| Lot Size: | 0,00 |
Description
Prime South Shore Drive Legal 2 -Unit with basement appartment investment opportunity! Perfect for investors or owner-occupants looking for strong cash flow near the lakefront. Add your own touch by updating and remodeling the building as it offers solid rental potential with market rents in the $1,250-$1,450/unit range once stabalized. Nearby transit includes the 93rd St Metra, multiple CTA bus lines, and instant access to Lake Shore Drive. Minutes to Calumet Park & Beach, South Shore Community Center, and local schools. Great Value-add 2 unit multifamily with added basement apartment opportunity on South Shore Drive. Building features a 2BR/1BA first-floor unit (occupied) tenant wishes to remain. Long time tenant no lease or security deposit pays $700/month, a 3BR/1BA second-floor unit (vacant), and a 2BR/1BA added basement apartment(vacant), providing immediate upside for investors or owner-occupants. Each floor has it's own furnace that is five years old and water heater that is three years old. Property is being sold AS-IS and requires update including front brick stair maintenance;property is priced accordingly. Vacant units allow for inspection, renovation, and lease-up immediately after closing and updating or live in one apartment and rent out the other two. Conveniently located with 2 minute access to Lake Shore Drive, public transportation, schools, parks, and lakefront amenities. Very Motivated Seller will not make repairs. Buyer responsible for all inspections. Ideal opportunity for value-add investors seeking long-term cash flow and appreciation and buyers looking to live in one apartment while supplementing mortgage with rent from the other two apartments. SOLD AS-IS
Property Specifics
| Multi-unit | |
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| 1921 | |
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| No | |
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| Cook | |
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| — / — | |
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| 12533502 | |
| 21312240060000 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
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Grade School
Sullivan Elementary School Speci |
299 | — | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 24 Feb, 2026 | Under contract | $195,000 | MRED MLS |
| 18 Feb, 2026 | Listed for sale | $195,000 | MRED MLS |
Room Specifics
Total Bedrooms: 7
Bedrooms Above Ground: 7
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
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Dimensions: —
Floor Type: —
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Full Bathrooms: 3
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: —
Other Specifics
| 2 | |
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| 30X125 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2026 | $2,532 |
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Listing Provided By
Keller Williams Preferred Rlty
