7854 S South Shore Drive , Unit 502, Chicago, IL 60649

$78,000
  • 7854 S South Shore Drive , Unit 502, Chicago, IL 60649 Main Photo

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New to the Market (Short Sale) - New
BEDS2 BATHS2 full SQUARE FEET1,200 MLS#12754473
STATUS(Short Sale) - New PROPERTY TYPEResidential - Condominium SCHOOLDistrict 299

Property Description

Top-Floor Living Near Chicago's Lakefront! Looking for an updated Chicago condo with space, convenience, and a location that puts the lakefront within easy reach? This 2-bedroom, 2-bathroom condo in South Shore checks the boxes. With a refreshed interior, designated covered parking, and additional storage, this is an opportunity worth exploring. Step inside and enjoy a spacious layout featuring new appliances, updated cabinets, fresh paint, and new flooring. The improvements bring a clean, modern feel to the home, while two full bathrooms provide added flexibility for everyday living. Top-floor positioning is another welcome feature, offering the benefit of no unit directly above. The location makes it easy to enjoy what South Shore has to offer. Spend time along Lake Michigan, head to Rainbow Beach for a lakefront outing, or take advantage of nearby commuting routes for convenient access throughout Chicago. From outdoor recreation to neighborhood shopping and dining, this address puts a variety of everyday destinations within reach. Designated covered parking and storage add practical value, while the building's investor-friendly policies make the property appealing to buyers considering rental or investment opportunities, subject to association requirements. **An approved short sale price, recent updates, and a desirable lakefront-area location make this South Shore condo one to see.** Schedule your private showing and discover the possibilities. Cash or equivalent offers only. The building is non-warrantable due to its rental ratio and is not eligible for conventional financing. Buyers should verify association requirements, rental policies, financing eligibility, and all property details.

7854 S South Shore Drive , Unit 502 | MLS# 12754473

This condo located at 7854 S South Shore Drive , Unit 502, Chicago, IL 60649 is currently listed for sale with an asking price of $78,000. This property was built in 1975 and has 2 bedrooms and 2 full baths with 1200 sq. ft. S South Shore Drive , Unit 502 is located within the District 299 school district. Search Chicago real estate on www.gogambino.com today.

Property Features

Property Type: Residential - Condominium
Basement: None
Cooling: Wall Unit(s)
Heating: Natural Gas, Baseboard
Lot Size: 197 x 100
Stories: 5.0
Taxes: $433
Year Built: 1975

Feature Descriptions

Additional rooms: No additional rooms
Association Includes: Heat, Water, Parking, Insurance, Exterior Maintenance, Snow Removal
Exterior: Brick
HOA Fee: 459/ Monthly
Laundry: Common Area
Lot Dimensions: 197 x 100
Parcel#: 21304170521048
Parking: Assigned, Alley Access, Secured, Yes, Owned
Pet Allowed: Number Limit
Sewer: Public Sewer
Total Rooms: 5
Township: Hyde Park
Water: Public

Room Sizes

Bedroom 2: 12X10
Dining Room: COMBO
Kitchen: 15X15
Living Room: 20X20
Primary Bedroom: 12X12

Local Schools

Middle School: Powell Elementary School Paideia
Elementary School: Powell Elementary School Paideia
School District: District 299

Listed By / Shown By

Listed By

Agency Name: Berkshire Hathaway HomeServices Chicago
Agency Phone: 630-325-7500

Shown By

Agency Title: Gambino Realtors
Agency Phone: 815-282-2222

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Estimated Payment

$ 413.13 per month $354.30 Principal & Interest $36.08 Property Tax $22.75 Homeowner's Insurance

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