The Burnham - 2730-34 E 79th / 7848-50 S Burnham

7850 S Burnham, Chicago, IL 60649

Property Information

  • For Sale $898,000
  • Property Type Multi-Family
  • Property Size 16,092 SF
  • Units 13
  • Lot Size 0.35 Acre
  • Building Class C
  • Year Built 1924
  • Year Renovated 2024
  • Date Updated May 1, 2026

Description

Located just six miles south of Chicago's bustling Loop, South Shore offers a unique investment opportunity, blending serene lakeside living with unparalleled access to major urban and technological advancements. South Shore boasts an exceptional quality of life with its scenic Lake Michigan shoreline and attractions like Rainbow Beach, one of Chicago's largest and most beautiful beaches, often just a five-minute stroll from local residences. The community also features its own golf course and cultural center, providing abundant recreational and cultural amenities that enhance resident appeal and property value. Beyond its immediate offerings, South Shore's strategic location provides convenient access to major Chicago landmarks, including the expansive Jackson Park, the renowned Museum of Science & Industry, and the prestigious University of Chicago. This proximity to established cultural and educational institutions underscores the area's robust infrastructure and long-term stability. A significant driver of future growth is South Shore's close proximity to the soon-to-open Obama Presidential Center & Museum. This landmark institution is set to attract millions of visitors, boosting local commerce, tourism, and property demand. Further solidifying South Shore's position as a burgeoning tech hub is its designation as the future home of the 7B Illinois Quantum and Microelectronics Park (IQMP). This state-of-the-art facility will be a national center for quantum computing and microelectronics innovation, drawing top talent, businesses, and significant investment into the region. With its blend of natural beauty, cultural richness, educational access, and groundbreaking technological development, South Shore presents a compelling case for investors seeking a dynamic and appreciating market. This is an opportune moment to engage with South Shore's promising future.A Strategic Value-Add Investment in the Heart of Chicago. Presenting 2730 E 79th St: a 10-unit multifamily property engineered for investor success. This is your opportunity to capitalize on a proven asset with significant upside. The property features a strong unit mix of eight 2-bedroom and two 1-bedroom apartments. Key Investment Highlights: Immediate Value: 5 of the 10 units were completely renovated in 2024, blending timeless appeal with the modern finishes today's renters demand. Untapped Potential: Capitalize on the opportunity to increase rents to market rates and complete additional rehab on the remaining units. Optimize & Profit: This is the ideal scenario for a value-add investor to step in, optimize performance, and realize immediate ROI. Seize this opportunity to add a high-performing asset to your portfolio. Contact us today for a private viewing.

Highlights

  • 13 units - 10 Residential and 3 Commercial (Leased)
  • 5 Units - Renovated in 2024
  • Desirable unit mix: 8 2-bedroom units, 2 1-bedroom units
  • New Boiler / Commerecial HVAC
  • Prime South Shore location

Contacts

Phillip Gross

33 Realty

Location

Located at 7850 S Burnham, Chicago, IL 60649, this property is part of the South Shore neighborhood and Chicago market.

Contact Listing Broker
Phillip Gross

33 Realty

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