7854 S South Shore Drive # 306 Chicago, IL ^$ 55,000

7854 S South Shore Drive # 306

^$ 55,000

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7854 S South Shore Drive # 306

Chicago, IL, 60649

^$ 55,000

Studio Baths1.0

Monthly Estimate*

^$ 339

7854 S South Shore Drive # 306, Chicago, IL 60649 - Image 1

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7854 S South Shore Drive # 306, Chicago, IL 60649 - Image 7

7854 S South Shore Drive # 306, Chicago, IL 60649 - Image 8

7854 S South Shore Drive # 306, Chicago, IL 60649 - Image 9

7854 S South Shore Drive # 306, Chicago, IL 60649 - Image 10

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Studio

Condo for sale in Chicago, IL

for $55,000 with 1 full bath. This condo was built in 1987.

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.

Condo Active

Price

^$ 55,000

Bedrooms

Studio

Full Bath

Property Type

Condo

Taxes

^$ 168

Style

Condo,Studio

Year Built

1987

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12617478

Features

General

Living Area 0

Sewer Public Sewer

Heating Steam

Cooling Wall Unit(s)

Possession Closing

Garage Spaces 999

Association Fee Includes None

Construction Materials Brick

Pets Allowed Cats OK

Year Built 1987

Township Hyde Park

Unit Number 306

Tax Year 2024

Ownership Condo

Assoc Fee Paid Per Monthly

County Cook

New Construction N

Property Type Residential Attached Single

Total Rooms 2

Full Baths 1

Status New

Directions N or S on South Shore Drive W to the property.

City Chicago

High School District 299

MLS Area CHI - South Shore

Tax Annual Amount 168.97

Additional Parcels Y/N N

Standard Status Active

Middle/Junior School District 299

Elementary School District 299

Sub Type Condo Studio

Leasehold Rent $/Mo 25

Interior

Basement None

Total Stories 5

Half Baths 0

Total Bedrooms 0

Room Type No additional rooms

Total Baths 1

Bedrooms Possible 0

Total Number of Units 33

Exterior

Parking Features Yes Leased Attached Garage

Water Source Public

Total Parking 999

Lot Dimensions Common

Waterfront Y/N Y

* Excluded Features

List By

Blue Door Dave Inc

Broker

deja.brealestate@gmail.com;Deja@bluedoordave.com

Affordability Calculator

$353

Per Month

Monthly Principal & Interest: $339
Monthly Property Taxes: $14
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Condo listings in Chicago, IL

Average List Price ^$620,714

Percent of Sale Price 1,029%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

566059 Elementary School

566846 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/15/2026	$55,000		Listed Price

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7854 S South Shore Drive # 306, Chicago, IL, 60649 is a Condo for sale at $55,000. 7854 S South Shore Drive # 306 is a studio with 1.0 baths and was built in 1987. The property's zip code is 60649 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 4/18/2026.

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7854 S South Shore Drive # 306

Condo for sale in Chicago, IL

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