7800 South Coles Avenue

7800 South Coles Avenue, Chicago, IL 60649

  • For Sale $1,250,000
  • Property Type Multi-Family
  • Property Size 8,850 SF
  • Units 11
  • Year Built 1962
  • Date Updated Feb 29, 2024
11 Units :: South ShoreKiser Group is pleased to exclusively present for purchase 7800 S. Coles a beautiful eleven (11) California-style building located in Chicago's historic South Shore Neighborhood. Right off of Lake Michigan and Rainbow Beach Park, the building sits within walking distance of an abundance of public transportation options. Additionally, for quick and convenient transportation, the asset is nearby to Chicago’s Lake Shore Drive which provides tenants easy access to Chicago’s downtown in roughly fifteen minutes. 7800 S. Coles is comprised of five (5) 1b/1ba and six (6) 2bd/1ba. The units all feature hardwood flooring throughout and updated LVP flooring where necessary. Furthermore, additional improvements to the building consist of but are not limited to, in-unit HVAC, all copper plumbing, an updated roof, laundry access for tenants, and a paved parking lot in the rear. 7800 S. Coles presents an investor with a unique opportunity to acquire a strong, positive cash-flowing building with an in-place cap rate of over 8.2%. Given the quality of the units coupled with the prime location, by releasing and increasing rents to levels already being achieved in the building, an investor could further improve cash returns.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Completely Gut Renovated
  • Six (6) 2Bd/1Ba & Five (5) 1Bd/1Ba
  • In-Unit Furnaces & Copper Plumbing
  • Updated Porches & Roof
  • Desirable South Shore Location
  • Blocks from Lake Michigan

Contacts

broker

Noah Birk

Kiser Group

(773) 293-5090

Location

Getting Around

  • Walk Score ®

    65/100 Somewhat Walkable

  • Transit Score ®

    65/100 Good Transit

  • Bike Score ®

    61/100 Bikeable
Powered by Walk Score ®
  • City Chicago, IL
  • Neighborhood South Shore
  • Zip Code 60649
  • Market Chicago

Points of Interest

  • Cheltenham (79th Street)

    0.11 miles

  • Windsor Park

    0.45 miles

  • 83rd Street

    0.59 miles

  • South Shore

    1.00 miles

  • 87th Street

    1.11 miles

  • Bryn Mawr

    1.52 miles

  • South Chicago (93rd Street)

    1.87 miles

  • Stony Island

    1.98 miles

  • 59th Street (University of Chicago)

    2.95 miles

  • 55th-56th-57th Street

    3.21 miles

  • GoLo

    0.33 miles

  • Citgo

    0.67 miles

  • Citgo

    0.73 miles

  • Amstar

    0.79 miles

  • All Star

    0.81 miles

  • Fuel Star

    1.19 miles

  • Midwest

    1.29 miles

  • Amstar

    1.47 miles

  • BP

    1.67 miles

  • BP

    1.77 miles

  • 93rd (South Chicago)

    2.00 miles

  • Dorchester Parking Lot

    2.90 miles

  • Lexington Parking Lot

    3.32 miles

  • Campus South Parking

    3.41 miles

  • Parkiing / Mat Mgmt

    3.59 miles

  • Medical Campus Parking Garage A

    3.64 miles

  • Campus North Parking Garage

    3.72 miles

  • Medical Campus Parking Garage B

    3.77 miles

  • City of Chicago Auto Pound

    3.83 miles

  • Garfield Park & Ride

    4.45 miles

  • South Shore Motel

    1.72 miles

  • Skyway Motel

    2.45 miles

  • East of the Ryan

    2.54 miles

  • Empire Motel

    2.68 miles

  • The Study at the University of Chicago

    3.08 miles

  • Admiral Motel

    3.21 miles

  • Best Motel

    3.53 miles

  • Hyatt Place Chicago-South/University Medical Center

    3.68 miles

  • Sophy Hotel

    3.70 miles

  • Chicago Lake Shore Hotel

    3.94 miles

  • Little Caesars

    0.17 miles

  • Big Sharks

    0.34 miles

  • Rainbow Beach Sub Shop

    0.46 miles

  • L&G Restaurant

    0.53 miles

  • Rocky's Pancake House

    0.65 miles

  • McDonald's

    0.67 miles

  • Taste Jamaica

    0.80 miles

  • El Jacalito

    0.86 miles

  • Majani

    0.95 miles

  • Kennedy Fish and Chicken

    0.96 miles

  • Saint Bride's School

    0.06 miles

  • Camelot Academy

    0.18 miles

  • Bradwell Elementary School

    0.25 miles

  • Adam Clayton Powell, Jr. Paideia Academy

    0.45 miles

  • Saint Michael High School

    0.63 miles

  • EPIC Academy

    0.65 miles

  • Niños Heroes Community Academy

    0.72 miles

  • Sullivan Elementary School

    0.89 miles

  • Great Lakes Academy

    0.91 miles

  • Robert A. Black Magnet Elementary School

    0.98 miles

  • Kenyatta's Day Care and Learning Center

    0.82 miles

  • Ada S. McKinley, Ersula Howard Child Care Center

    0.90 miles

  • Shining Star Child Development

    1.78 miles

  • DJ Brooks Child Development Center

    1.98 miles

  • Restoring the Seed Childcare

    2.29 miles

  • Mari's Bumble Bee Academy

    2.48 miles

  • Shining Star Child Development

    3.63 miles

  • UChicago Child Development Center - Drexel

    3.75 miles

  • Daycare

    5.78 miles

  • Me & You Learning Academy

    6.40 miles

Frequently Asked Questions

What is the lease rate for 7800 South Coles Avenue?

Rental asking rate at 7800 South Coles Avenue is $625,000.00/YR.

What is the total square footage of 7800 South Coles Avenue?

7800 South Coles Avenue totals 8,850 square feet.

When was this property built?

7800 South Coles Avenue was built in 1962.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Noah Birk

Kiser Group

(773) 293-5090