Active115 days on market
$53,000
$55,000 · just reduced
7854 South Shore Drive
Chicago, IL 60649
- Beds
- 0
- Baths
- 1 full
- Sqft
- --
- $/sqft
- --
- Built
- 1987
- Type
- Townhome
- MLS#
- MRD12617478
About this home
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.
Payment calculator
Estimated monthly cost for this home
20% · $11K
%
Term
$694/mo
- Principal & interest
- $273
- Property taxes
- $14
- HOA
- $391
- Home insurance (est.)
- $15
Estimate only, not a quote or offer of credit. Rate starts from today's market rate (6.69%, 2026-08-06). Taxes from the listing's MRED record. Talk to a lender for real numbers; a Subdiview agent can introduce you to a good one.
Price & tax history
| Current price | $53,000▼ $2,000 from original |
| Listed Apr 13, 2026 | $55,000 |
| 2024 property taxes | $169/yr |
From the listing's MRED record. MRED does not publish per-change dates through IDX, so price changes are shown without one rather than guessed.
Where it sits
MRED Broker ReciprocityThis listing is part of the MRED data exchange program provided courtesy of Blue Door Dave Inc, listed by Deja Blair.
Information last updated Jul 27, 2026, 5:06 AM.
7854 South Shore Drive
Chicago, IL 60649
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Call 224-385-8779Property details
Sourced from the MRED MLS feed. Last updated when the listing was modified.
- Cooling
- Wall Unit(s)
- Heating
- Steam
- Basement
- None
- Rooms total
- 2