7854 S South Shore Drive 306, Chicago, IL 60649
Cook County
Key Facts
Description
Charming, studio condo ideally positioned along the vibrant South Shore corridor. This unit offers an excellent opportunity for investors seeking immediate cash flow, while still allowing flexibility for a future owner-occupant. Situated just steps from Lake Michigan, this location places you near the South Shore Cultural Center, Rainbow Beach, and ongoing neighborhood revitalization efforts. The area is experiencing increased attention with nearby developments and infrastructure improvements, including the Obama Presidential Center just a short drive away. With public transportation, lakefront access, and community investments all within reach, this is a smart entry point into a growing market.
Property Information
Property Type
Residential
Sub-Type
Condominium
Year Built
1987
Stories
5
Lot Dimensions
Common
Garage Spaces
999
Parking Spaces
999
Ownership
Condo
Days on Market
18
MLS® Listing#
12617478
Property Features
- Cooling:
- Wall Unit(s)
- Heating:
- Steam
- Basement:
- None
- Parking:
- Leased, Attached, Garage
- Construction:
- Brick
- Sewer:
- Public Sewer
- Water Source:
- Public
Rooms
- Bedroom 2
- Bedroom 3
- Bedroom 4
- Dining Room
- Family Room
- Kitchen8X8Third
- Laundry12X10Main
- Living Room18X22Third
- Master Bedroom
HOA & Tax
- HOA:
- $391/Monthly
- Annual Tax:
- $169 (2024)
- Parcel #:
- 21304170521024
Directions
N or S on South Shore Drive, W to the property.
Affordability Calculator
$11,000
Estimated monthly payment
$293/mo
Principal $44,000 · Est. interest $61,384 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Chicago, IL
- $389,939
- Median Listing Price
- 45
- Median Days on Market
- 1,444
- Median Sq Ft
- $273
- Median Price / Sq Ft
- 4,582
- Active Listings
- This home’s price is 86% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Chicago, IL.
Location
- 7854 S South Shore Drive 306, Chicago, IL 60649
Nearby Schools
Camelot Safe Academy School
School · 0.1 mi away
Bradwell School of Excellence
Elementary · 0.4 mi away
St. Michael the Archangel Catholic School Chicago, Il
School · 0.5 mi away
Chicago Public Schools
School · 0.5 mi away
Noelle's Kiddie College
School · 0.6 mi away
Chicago Public Schools
School · 0.6 mi away
Chicago Public Schools
Elementary · 0.6 mi away
William K New Sullivan Elementary School
Elementary · 0.7 mi away
Eastside Academy of Early
School · 0.8 mi away
Qodesh Educational Institute
School · 0.9 mi away
Public Schools Powell Adam Clayton
School · 1.1 mi away
Chicago Public Schools
School · 1.1 mi away
Chicago Public Schools
Elementary · 1.2 mi away
Immaculate Conception School
School · 1.2 mi away
A Child's World Early Learning Center
School · 1.3 mi away
Bowen High School
Secondary · 1.3 mi away
Baker College Prep, A Noble School
School · 1.3 mi away
Winnie Mandela High School
Secondary · 1.3 mi away
James N Thorp Elementary School
Elementary · 1.4 mi away
Public Schools Bryn Mawr
School · 1.4 mi away
Commute Calculator
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Moving Cost Estimate
EXIT Agents in Chicago
Listing Courtesy: Blue Door Dave Inc - 3123441487
Last Updated: 2026-04-13