8153 S South Shore Drive, Chicago IL 60617
$599,000

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Property Description

Beautifully maintained and recently updated 4-unit investment property located in the rapidly developing South Shore neighborhood! This solid brick building features four spacious 2-bedroom, 1-bathroom units, offering an excellent opportunity for both investors and owner-occupants seeking strong rental potential and long-term appreciation. Each unit offers hardwood floors, forced heating and central A/C, along with individual laundry hookups for added tenant convenience. Additional laundry hookups are also available in the basement. The property includes dedicated storage space in the basement for each unit, providing extra functionality and value for residents. Two units is currently rented and generating $1,550/month in rental income, giving the next owner immediate cash flow with additional upside potential. Investors will also appreciate the possibility to duplex-up the two second-floor units, creating larger units and increasing future value and rental income potential. Property is equipped with privately owned security cameras that can transfer with the sale. Situated near the exciting future developments taking place throughout South Shore, including the highly anticipated Quantum Shore project, this property is positioned in an area experiencing major investment and revitalization. Excellent opportunity to own a cash-flowing multi-unit property in one of Chicago's emerging lakefront communities!

Features & Information

Key Details

  • List Price $599,000
  • Property Taxes $3,587
  • Year Built 1918
  • Status New
  • List Market Time 3

Units

  • Unit 1

  • Floor 1
  • Rooms 4
  • Beds 2
  • Baths 1
  • Appliances Stove, Refrigerator, Central Air Conditioner, Hardwood Floors
  • Rent $0/mo
  • Tenant Pays Electric,Gas,Heat
  • Lease Expires 00/00
  • Unit 2

  • Floor 1
  • Rooms 4
  • Beds 2
  • Baths 1
  • Appliances Stove, Refrigerator, Central Air Conditioner, Hardwood Floors
  • Rent $0/mo
  • Tenant Pays Electric,Gas,Heat
  • Lease Expires 00/00
  • Unit 3

  • Floor 2
  • Rooms 4
  • Beds 2
  • Baths 1
  • Appliances Stove, Refrigerator, Central Air Conditioner, Laundry Hook-Up, Hardwood Floors
  • Rent $1,550/mo
  • Tenant Pays Electric,Gas,Heat
  • Lease Expires MTM
  • Unit 4

  • Floor 2
  • Rooms 4
  • Beds 2
  • Baths 1
  • Appliances Stove, Refrigerator, Central Air Conditioner, Laundry Hook-Up, Hardwood Floors
  • Rent $1,550/mo
  • Tenant Pays Electric,Gas,Heat
  • Lease Expires 10/27

Exterior Features

  • Parking

  • # of Cars:  2

Building Information

  • Number of Units 4
  • Age of Building 100+ Years

Location

  • County Cook
  • Township Hyde Park
  • Corporate Limits Chicago
  • Directions to Property South Shore Dr 3300 E To Property
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 3587
  • Tax Year 2023
  • Parcel Identification Number 21312240180000

Listed by Britney Davis for Consumer Realty Group, Inc. | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 9/14/2026 11:32 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Explore South Chicago

In a community that once buzzed with the heavy production of US Steel (one of the country's major steel manufacturers), South Chicago is a neighborhood rich in history centered about industry and organized labor. Today, these former industrial areas near Lake Michigan are some of the last few fleeting frontiers for development in the city. Acres of land along South Chicago's lakefront have not yet been built up — begging the interest of commercial and residential developers who continue to push south in search of prime real estate property. The neighborhood is bordered to the west by the Chicago Skyway, providing the region with good transportation. Both public schools and private academies dot the area, affording families their choice of scholastic options.

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